The tenancies are located within 269 Wickham Street only 2 minutes walk from all amenities including public transport, cafes, banks and post office.
This unique and well priced Valley strata office investment offers a variety of different options all boasting long term leases. Options include:
OPTION 1
* Lot 46
* Size: 110sqm
* Lease expiry: 9.42 years
* Price: $467,700
* Net rental per annum: $40,920
(as at 31 January 2013, representing an 8.75% net yield)
OPTION 2
* Lot 63 & 64
* Size: 237
* Lease expiry: 9.25 years
* Price: $892,235
* Net rental per annum: $75,840
(as at 30 November 2012, representing an 8.5% net yield)
OPTION 3
* Total of lots 46, 63 & 64
* Size: 347
* WALE: 9.35 years
* Price: $1,359,935
* Net rental per annum: $116,760
(as at 31 January 2013, representing an 8.59% net yield)
Why you should buy this property?
1. Current lending rates are the lowest in history
2. Leased for over 9 years with 4% market increases
3. Tenant is blue chip and has been operating since 1975
4. Parking your money in the bank will only give you 5.75% return (max)
5. This is a genuine 8 + % investment!
The strong covenant on these tenancies is by Endeavour College of Natural Health which was established in 1975. The company is the largest Natural Health College in the Southern Hemisphere with six campuses in Brisbane, Gold Coast, Melbourne, Perth and now in Sydney and Adelaide. Endeavour College of Natural Health is part of the Endeavour Learning Group. FIAFitnation, College of Natural Beauty and Bay of Plenty College of Homeopathy are also part of the Endeavour Learning Group. Further to above mentioned leases at 269 Wickham Street the College also occupies several other floors in the building and is the largest tenant.
Contact exclusive agents Elders Commercial Brisbane to discuss further and to arrange an inspection.
