70 - 72 Callide St, Biloela, QLD 4715

10 YEAR + 5 + 5 + 5 HIGH YEILDING COMMERCIAL INVESTMENT

PROPERTY HIGHLIGHTS:
Established business - 30 years strong
Modern building centrally located to C.B.D
Long lease commencing at time of settlement

First National Real Estate Biloela, are proud to present this exceptional modern building centrally located to the Biloela CBD with long lease.

KEY PROPERTY INFORMATION:
Land area: 1293m2*
Floor area: 600m2*
Car spaces: 10
Property extent: Whole/Freehold
Zoning: Commercial business
Municipality: Banana Shire Council
Tenure: Tenanted Investment

TENANTED INVESTMENT DETAILS:
Occupancy: Fully Leased
Gross Income p.a.: 7.5% (based on a purchase price of $1.95m, rent $146,250+GST p.a.)
Tenant: Accounting and You (established business of 37+years with 3 offices located in Monto, Gladstone and Biloela)

THE PROPERTY HAS THE FOLLOWING INVESTMENT HIGHLIGHTS:
10-year lease at time of settlement + options to 2047
Tenant to pay outgoings
Fixed annual rent increases of 3%
Modern building centrally located to CBD
##kws Solar Power System
1293m2 corner site located close to Big 4 banks (ANZ, CBA, NAB, Westpac)
Fully lockable staff courtyard with 10 employee parking spaces
Customer parking at front of building
*Approximately

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Every precaution has been taken to establish accuracy of the information but does not constitute any representation by the vendor or real estate agent. You should make your own enquiries as to its accuracy.