$928,000 @ 6% net yield
4/97 Linton Street, Kangaroo Point, QLD 4169
- Offices •
- Retail •
Last updated: 21st July 2023
Listing ID: 50414
- 120.0m2 Floor area
- 120.0m2 Land area
Retail / Beauty / Professional Office (119 m2)
Positioned on the border of Kangaroo Point and Woolloongabba this retail shop/professional office is conveniently located directly across from the Gabba. The shop is situated below 150 + apartments providing market opportunities for a variety of retail tenancies. It would be an ideal situation for cafe/restaurant, destination retail, professional offices, allied health, pilates or personal trainer.
The Final Fit-Out is under way!
Guaranteed gross rent for 3 years @ $1,150/week rent providing a 6% net yield. Outgoings $34.20 m2.
119 m2 Retail / Professional Office:
- Contemporary interior with glass façade
- Polished concrete, wood laminate, or carpeted floors
- Split or ducted air conditioning
- 4 metre ceiling (average estimate)
- Shared hotel quality serviced facilities
- Large gas supply
- 8000L grease trap
- Hot and cold water
- Disabled access via lift
Shop 4 Tenancy optional division: Whole - 119 m2 or easily split into two shops of 59 m2 each (TBD)
Included Fit-Out: There is an allowance for each tenancy which includes polished concrete/wood laminate/carpeted floors, painting, air-conditioning, and electrical. The fit-out is generous and most tenants can move into the space comfortably and have very little left to do. Tenants who commit prior to completion can allocate the fit-out allowance directly to suit.
6% Guaranteed Net Yield for 3 years - A head lease is available for each tenancy with a guarantee on the advertised lease value. The owner will pay for the initial lease commission and advertising costs. If a buyer occupies the tenancy prior to a lease the costs can be deducted from the purchase price.
Please call Merchants Commercial for an immediate inspection.
This property is very walkable with most errands able to be accomplished on foot. Great for getting chores done over lunchtime. Seek out the lunch and coffee options close by. There is excellent transit available from here where public transportation is convenient for most trips.
- Walker's Paradise
- Daily errands do not require a car
- Very Walkable
- Most errands can be accomplished on foot
- Somewhat Walkable
- Some errands can be accomplished on foot
- Car Dependent
- Most errands require a car
- Car Dependent
- Almost all errands require a car
- Rider's Paradise
- World-class public transportation
- Excellent Transit
- Transit is convenient for most trips
- Good Transit
- Many nearby public transportation options
- Some Transit
- A few nearby public transportation options
- Minimal Transit
- It is possible to get on a bus