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91-97 Mulgrave Road, Parramatta Park QLD 4870
$4,200,000
  • 2074 m2

PRIME HIGH EXPOSURE SITE ZONED COMMERCIAL 2074m2

93-97 Mulgrave Road – Land area 1214m2
91 Mulgrave Road – 4 Strata titled lots – no Body Corporate Fees, Land area 860m2

RENTAL INCOME:
01/09/2016 – 31/08/2017 $300,000 + GST (7.14%) Net return
01/09/2017 – 31/08/2018 $312,000 + GST (7.428%)
01/09/2018 – 31/08/2019 $324,480 + GST (7.725%)
The tenant pays all outgoings including Building Insurance.

The original Lessee Cairns Education Australia Pty Ltd has recently sold the business to Charles Darwin University who are now the current tenants. Long term lease in place with final options expiring in 2029.

Price has just been reduced from $4.5 million to $4.2 million.