With a brand new lease in place, this well appointed Anderson Street strata investment has an area of 400 sqm and comprises a newly refurbished fitout. Features include a number of training rooms, offices, separate kitchen, open plan areas, disabled entry with double entry auto doors and internal amenities. The property offers strong exposure and signage, and has an asking price of $725,000, providing a net return of 7.85%.
* Strata area 400 sqm
* Newly refurbished fitout in place
* Plenty of natural light and exposure to Anderson Street in this tightly held commercial strata complex with plenty of onsite car parking as well as street parking
* Currently leased to GSL Services Pty Ltd
* Lease term 3 years plus 3 year option (commencement 01/10/2019)
* Rental $70,000 per annum + GST
* Reviews: CPI annually and market review at commencement of the option period
* Outgoings: Body Corporate $7,924 pa + GST, Rates $5,165.90 pa
* Asking Price $725,000 negotiable - net return 7.85%
Knight Frank Cairns is an independently owned office within the Knight Frank global network, servicing Far North Queensland in all its commercial property requirements.
Knight Frank Cairns has been successfully operating for over 30 years and incorporates three departments into the one office: a vastly experienced Valuation department, a high-level Investment and Facilities Management division, and a Commercial Sales and Leasing department.
Knight Frank Cairns is able to provide a more accurate assessment of the local property market due to the combination of services which it offers, combined with the commitment of a team of highly professional, experienced staff who are supported by state-of-the-art research, technological and administrative resources.
