19 Off Street, Gladstone Central, QLD 4680

Sold

Sold for $588,000 on Jun 06, 2023

Gladstone Inner CBD Unit Complex - 5 Pack - Gross Yield 10.33% - ACT NOW..!

If you have been looking for a Multi-Unit Complex in Gladstone, then this 5 Pack of Units in Off Street may well be the Complex you have been waiting for. Consisting of 3 x 2 Bedrooms Units and 2 x 1 Bedroom Units this is a rare find in the CBD and will be popular given all the hype Gladstone is getting and the industrial avalanche of projects on the horizon.

The Complex is always fully tenanted and the Lease arrangements are as follows :-

Unit 1 - Tenant since 2019 - current lease $255 per week Renewal Due July 2023

Unit 2 - New Rent Connect Tenant since - Oct 2021 - current lease $210 per week Renewal Due May 2023

Unit 3 - Tenant since Sept 2018 - current lease $255 per week Renewal Due June 2023

Unit 4- Tenant since 2005 - current lease $235 per week Renewal Due June 2023

Unit 5 - Tenant since 2007 - current lease $235 per week Renewal Due June 2023

Based on these rental figures you are looking at an Annual Income of $61,880p.a. with a Gross Yield of 10.33% and the Council Rates are approximately $11,000p.a.

The Insurance Premium for the Complex being $4,613p.a.

This is the ideal opportunity to secure a Unit Complex in the Gladstone CBD, so contact the Marketing Agent - Steven James on 0439 111 197 for further information.

Steven James

Sales Consultant

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Property Info:

Property ID: L1064968
Property Type:House

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