This investment shop is located in Anzac Square Arcade Food Court .
The Anzac Square Complex is a renovated heritage listed building adjoining Anzac Square and has pedestrian access to Central Railway Station and Sofitel Hotel. The complex contains Retail shops, Apartment Hotel, Residential apartments, and Offices. Woolworths is located on the corner side of the complex.
The shop is leased to an Asian food operator on a 5-year lease plus 5-year option from December 2022. The shop fixtures and fit out are the property of the seller as they previously operated the shop and have retired.
• Lease term 5 years plus 5-year option
• Start date 15th December 2022
• Rental $60,000 per annum net 1st year plus GST plus Outgoings
• Rent increases $65,000 year 2 and 3.5 % increases thereafter.
• Lease area 48 m2 plus 8 m2 storage area in basement
• Outgoings paid by tenant which includes Body Corp fees, BCC rates and Urban Utilities
• Estimated net return 6.49 % 1st year and 7% 2nd year.
For more information or to arrange an inspection, please contact the sole marketing agents, Commercial Brisbane in conjunction with Tom Chan Real Estate Agent
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However, we accept no liability for any errors or omissions, and we cannot guarantee the information is accurate, including, but not limited to, a property’s land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice.