14 Primrose, SHERWOOD QLD 4075

Sold

EXPRESSIONS OF INTEREST - CLOSE 30/04/2021 4PM

After a short stint in the market place, the seller’s circumstances have changed and A SALE IS NOW A PRIORITY. Retail/ Commercial Investment Centrally located in the vibrant Suburban Shopping strip of Sherwood. This 2 level building on top of security basement parking comprises 4 tenancies, 2 on ground level and 2 on first floor. Anchored by a long term GOVERNMENT TENANT the annual net return from 3 long term tenants is $239,194p.a. (GST exclusive) plus $44,400 p.a. (GST exclusive) when the 4th tenancy is let, making a total return of approx. $283,560 nett p.a. Less outgoings of approx $30,000 leaving a nett Return of approx $253,600 1,037 sq.m. land; Zoned DC2 District Centre A first class building in a prime location
Retail
Property Features
  • Retail
  • Land is 1,037 m²
  • Floor Area is 655 m²
Trevor Matthews