44 Enoggera Terrace Red Hill, QLD 4059

Sold on 8 Dec 2016
  • Building: 90m²

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Retail in Red Hill

Invest and Reap the Benefits on Enoggera Terrace!

  • Building: 90m²

High profile inner city position with secure tenancy.

The opportunity to own a piece of property in this bustling near CBD location is available for the savvy investor with an eye for the future.

Originally a corner store' the property has undergone a vibrant transformation to provide up to date beauty therapy rooms and spaces.

The tenancy with an initial term commencing in February 2014 and due to expire in February 2019 has further options to the tenant of 2 x 5 years.

With scope to develop under, off street parking for 4 cars and yearly rental increases this property is better than money in the bank.

Lease Terms:
• Base Rent: $48,000 per. annum
• Current Rent: $49,101 (approx.) per. annum
• Lease Commencement Date: 03/02/2014
• Lease Expiry Date: 02/02/2019
• Options: 2 x 5 year (6 months notice)
• Rent Increase: CPI
• Outgoings: Paid be Lessee (electricity, gas, water, sewerage and water usage)
Contact George Hadgelias on 0403 062 062 or Max Hadgelias on 0411 276 372 for more information and an inspection!