Rare entry level/SMSF commercial investment opportunity

31B Musk Avenue, Kelvin Grove, Queensland 4059

Retail For Sale

For Sale
Floor Area: 89.00 m2.    

Description

Colliers International is pleased to offer 31B Musk Avenue, Kelvin Grove to market for sale via Offers to Purchase.

This stylish, two-tiered café, located beneath a newly constructed, 144-apartment complex within the heart of a bustling university precinct, presents an outstanding entry-level investment opportunity.

The property is tenanted by established boutique specialty café ‘B+C Lab’ on a 3-year lease with a 5-year option.

The key features of this property include:

- Premium entry-level retail investment
- High foot traffic location within the Queensland University of Technology Kelvin Grove campus
- Well established and regarded tenant in the local retail precinct
- Net income of $55,624* per annum (excluding GST and Land Tax if applicable)
- Annual rental increases by CPI
- Tenancy area of 89m²* over 2 levels
- Newly constructed building (2016) meaning minimal capital expenditure and low body corporate fees

31B Musk Avenue, Kelvin Grove is offered for sale via Offers to Purchase.

*Approximately.

Features

  • High performing cafe in retail precinct
  • Net income $55,624* pa
  • High foot traffic location

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