Investment Properties
QLD - Commercial with over 20% ROI
Rare opportunity to purchase well established building in the main street.
Ground Floor is fully leased, and 3 of the 4 residential units upstairs are leased.
Ground Floor has well established business tenants - Real Estate Agent, Fruit Shop and Lingerie Shop.
There is also the opportunity to strata this property. Council have confirmed that you could strata the 4 units and the shops probably into 3 or maybe 4 subject to building codes for firewalls. If this were to be the case each unit would sell for $140-150,000, if you were to complete a nice renovation, kitchen, bathroom, floor coverings and paint then they would reach $185-190,000. The shops would sell individually for approximately an 8% return, so given the current tenancies would be $86,000, $195,000 and $300,000.
 Buy & Hold
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| Purchase Price: | $750,000 |
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| Possible Price: | $720,000 |
| Gross Weekly Rental: | $1,335/wk |
| Council Rates: | $6,529pa approx |
| Management Fees : | $2,500pa approx |
| Gross Return: | 9.2% on asking |
| Population: | 14,000 approx |
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