CHARACTER FREESTANDER WITH HOLDING INCOME

A RARE neighbourhood centre zoned freehold corner site is available to purchase in a popular retail precinct in the heart of Toowong.

This is a genuine opportunity for owner occupiers looking to situate a business within a classic character building that also provides great exposure, or savvy investors looking to secure a piece of this tightly held inner city fringe suburb and with a significant rental income upside and development potential.

Key features include:
– NLA 150sqm split into two shop fronts/ Land Area 288sqm.
– Rental income upside
– Additional 70sqm Deck with architectural plans drafted to create another shop/add NLA (*subject to DA approval)
– Great exposure to Dean Street – a vibrant retail precinct in a high traffic area
– 2 on-site car spaces at rear
– Abundant storage
– Shop 1 is 100% solar powered
– 14 month lease in place for Shop 2, no Options.
– The Seller will consider a lease back for 12 months from Settlement to allow the Buyer time to plan its upgrades.
– Up to $58,173 p.a gross + GST short term income.
– Outgoings: $10,780 pa.

Contact Jeremy Conybeare today for an IM.