3103/2996 Logan Road, Underwood, QLD 4119
Offices
2
2
Sold Price Not Disclosed (19 Dec 2017)
8.5% NET YIELD, LONG TERM SUPERANNUATION FUND TENANT SECURED, 3 YEAR X 2 YEAR X 2 YEAR LEASE, 4% RENT INCREASES, TENANT IN PLACE FOR OVER 10 YEARS
$739,000 NO GST PAYABLE, GOING CONCERN
8.5% Net Yield
Gross Rent = $73,082.41
Outgoings (Council Rates + Body Corp) = $10,276.18
Net Rent = $62,806.23
Electricity & Water Payable by the Tenant
4% Yearly Rent Increases Guaranteed
*No Market Reviews at Option Periods, Rent is Guaranteed for entire Lease
$13,000 Bank Bond as Security
2 Secure Basement Car Spaces included with swipe access
Make Good Clause in Lease
146sqm Office
3 Years (Completed) x 2 Years (Exercised) x 2 Years (Remaining)
Lease Commenced 1/08/2014, Current Term Expires 31/07/2019
*Depreciation Schedule Included with Sale
($15,642 in Depreciation Deductions for FY17-18)
This is the Tenant's 2nd 7 Year Lease at this property. They have since finished the initial 3 Year term and have exercised their 1st 2 Year Option (1/08/17) and have another 2 Year Option remaining
Tenant is a Major Superannuation Fund with over $10B under management as of 30/06/2017.
Tenant spent $120,000 on their high-end Corporate Fitout and have been in place since the Complex was built 10 years ago.
The Office has a Reception/Foyer Area, Meeting Room, 4 Separate Offices, Kitchenette, Storage Room, Utility Room and Rear Roller Door Access as well. Also, has an internal Bathroom with Disability Access and Shower Facilities.
The Complex is the newest in the postcode with many major tenants and a fully serviced Cafe' on site.
The Complex is around the corner from the M1 and down the road from major Shopping Centres and Transport Links.
Enquire now for further information.
Disclaimer:
For Sale By Owner has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this listing. Prospective purchasers must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by For Sale By Owner toward the recipient with regard to the use of this information and all information given is given without responsibility.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
8.5% Net Yield
Gross Rent = $73,082.41
Outgoings (Council Rates + Body Corp) = $10,276.18
Net Rent = $62,806.23
Electricity & Water Payable by the Tenant
4% Yearly Rent Increases Guaranteed
*No Market Reviews at Option Periods, Rent is Guaranteed for entire Lease
$13,000 Bank Bond as Security
2 Secure Basement Car Spaces included with swipe access
Make Good Clause in Lease
146sqm Office
3 Years (Completed) x 2 Years (Exercised) x 2 Years (Remaining)
Lease Commenced 1/08/2014, Current Term Expires 31/07/2019
*Depreciation Schedule Included with Sale
($15,642 in Depreciation Deductions for FY17-18)
This is the Tenant's 2nd 7 Year Lease at this property. They have since finished the initial 3 Year term and have exercised their 1st 2 Year Option (1/08/17) and have another 2 Year Option remaining
Tenant is a Major Superannuation Fund with over $10B under management as of 30/06/2017.
Tenant spent $120,000 on their high-end Corporate Fitout and have been in place since the Complex was built 10 years ago.
The Office has a Reception/Foyer Area, Meeting Room, 4 Separate Offices, Kitchenette, Storage Room, Utility Room and Rear Roller Door Access as well. Also, has an internal Bathroom with Disability Access and Shower Facilities.
The Complex is the newest in the postcode with many major tenants and a fully serviced Cafe' on site.
The Complex is around the corner from the M1 and down the road from major Shopping Centres and Transport Links.
Enquire now for further information.
Disclaimer:
For Sale By Owner has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this listing. Prospective purchasers must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by For Sale By Owner toward the recipient with regard to the use of this information and all information given is given without responsibility.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Features
Air Conditioning, Gas Enabled, Heating, Internal Bathroom, Kitchen, Meeting Room, Reception/Show Room, Storage, Wireless Internet, Secure Parking, Shower Facilities, Alarm System, Security Lights, Security Windows, Swipe Card, Close to Disabled Parking, Close to Parklands, Close to Schools, Close to Shops, Close to Transport, Public Parking
Keylaw provides residential conveyancing services in Queensland. Please call Sam on 0457 106 910 or email contracts@keylaw.com.au.
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