Description

Tewksbury Commercial are pleased to present to the market for an immediate sale, Lot 17, 50-56 Kellar Street, Berrinba.

This rarely available ground floor retail investment offers a fully leased tenancy including 118sqm of retail space with a covered exclusive-use outdoor dining area, internal bathrooms, a commercial kitchen, and a dedicated grease trap.

Occupied by a quality café/cavery operator, the lease is secured until 2028 with two further 3-year options, generating a gross annual income of $42,000 + GST. The property provides five exclusive-use car spaces directly at the front door, complemented by abundant street parking, and is surrounded by a mix of retail, commercial, and industrial businesses.

Conveniently positioned within walking distance to Berrinba Central and only 10 minutes from the Logan Motorway and Grand Plaza Shopping Centre, this investment combines strong tenant covenant with excellent accessibility.

Area: 118sqm
Car parks: 5
Lease Term: 6 years + 2 x 3 year options
Lease Expiry: 4th July 2028
Annual Increase: 4%
Net Income: $34,445 pa + GST
Price: Offers Over $650,000

For more information or to schedule and inspection, contact the sales agent, Nathan Beckett.