Reference: commercial8986

Strata Title freehold opportunity 5 mins from Cairns CBD.

QLD
$3,000,000 at 6.16% ROI

$3,000,000 at 6.16% ROI

An opportunity to purchase a strata title like this only comes along every 10-20 years so do not miss out on your opportunity to invest in a property that has produced for over 2 decades.

Returning the current owners over $185,000 net year on year this property has just had a new lease completed where the tenant has up to 30 years including the options.

Located within the Cairns City limits this opportunity and with the previous history should continue to be a great investment now and into the future.

Key Points:
IGA anchor tenant
IGA has been tenant for 20+ years
New lease up to 30 years including options
Enjoys strong community support 
Well-presented property with abundance of parking

Business Snapshot:
Current yearly rent $240,000 + GST
2.5% yearly increases
5yr market reviews
Body corporate and insurance - $55,000
Building  size 900m2
excellent opportunity for the savvy investor

This Strata Title Freehold at $3,000,000 return a tick over 6% return for the passive investor.

To find out more about this exciting opportunity, and further details on the property, please contact


David Zampech
Business Broker
Supermarket Specialist

M: 0422 671 375  T: 1300 366 521  E: davidz@benchmarkbusiness.com.au 

 

Benchmark Business Sales and Valuations

The business images shown are for illustration purposes only and may not be an exact representation of the business.


Business Category: Food and Hospitality, Supermarket, Convenience, Grocery and Liquor Stores


Listing ID: commercial8986

Status
For Sale
ROI
n/a
Annual Revenue
Listing Price
$3,000,000 at 6.16% ROI
Location
QLD
Industry
Retail
Earning Type
Years Trading
Stock Level
Reference Number
commercial8986