Shop 6 300 Marine Parade, LABRADOR, Queensland, 4215

  • 125sqm

For sale

$1,050,000

Commercial Investment (Gold Coast) 9.85% Net Return

Waterfront freehold investment in a popular retail dining precinct. This risk free investment has the perfect long term tenant in place having traded their for the past 12 years. The property comprises 110sqm of internal space plus an Alfresco dining area overlooking the Broadwater of approx. 75sqm + 15sqm of basement storage (total 200 sqm) plus ample parking for staff and customers.

The property is offered for sale with a 3+3+3 year lease on a net return of $103,500 p.a. plus GST with CPI and rent reviews, showing a net return of approx. 9.85% of the purchase price. Note: Rental guarantee/bond is $50,000.

Keen seller, all offers to be considered !

List Price $1,050,000

Please contact the selling agent Bill Rex on 0418 796 302 or email [email protected]

Lease End30 June 2021
Outgoings$13,655.00 per annum
TenantedYes
Water Rates$4,110.00 per annum
Council Rates$3,245.06 per annum
Strata Levies$25,201.72 per annum

Property Info:

  • Property ID: 18386632
  • Property Type:
  • Building / Floor Area: 125 sqm
  • Land Area: 200.0 sqm

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Number of sales 177
Average Price $485,497
Median Price $440,000
Median Rental Price $450 p.w.
Change in Rental Rate (5yr) 25 %
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Average Price $411,901
Median Price $345,000
Median Rental Price $390 p.w.
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