This fully leased freestanding building located just 2 streets from the popular James Street, 1.5 KM from the Brisbane CBD.
Key features of this opportunity include:
• Land area – 331 sqm with future development upside
• Building area – 340 sqm over 2 levels with potential for dual tenancies
• Fully refurbished and fitted out as a commercial kitchen/café/bar
• Leased to successful operator ‘Chester Street Bakery’ on a 7 + 7 + 7 year lease commenced 1/10/2015 ( http://www.chesterstreet.com.au/ )
• Current net return of $140,400 p.a, with rent to be increased to $145,600 p.a on 1st October 2017
This is an extremely rare opportunity to purchase a bite sized investment leased to a secure tenant in the James Street Precinct, arguably Brisbane’s most sought after & tightly held location.