Description

Tewksbury Commercial is delighted to present for sale this entry-level commercial strata investment.

Lot 7, Princeton Court at 13 Princeton Street, Kenmore is a ground floor Lot with a strata area of 57sqm, this comprises 43sqm office and 14sqm of a single carpark bay. The tenancy is fitted out with air conditioning, 2 offices and a reception/waiting area.

The property has a new 3 year lease, expiring 15th January 2029, with a Net income of $15,613.21 pa + GST.

The office is located on the ground floor on the western side of the building with access from both Princeton Street and Brookfield Road. It is being sold as a tenanted investment, with an asking price of $275,000.

Kenmore is situated 11 kilometres south west of Brisbane CBD. It is a leafy affluent suburb with a vibrant retail and commercial hub. Princeton Court is situated between Brookfield Road and Princeton Street. It has frontages and access from both streets. The property is located opposite Kenmore Village Shopping Centre, just off the Kenmore round-a-bout.

OFFICE AREA: 43sqm
CAR PARK: 1
GROSS ANNUAL RENT: $22,617.81 pa + GST
OUTGOINGS: $7,004.60 pa
PRICE: $275,000

For more information or to schedule an inspection, contact the exclusive sales agent, Darren Lucchese.