20m PRIME MUSGRAVE ST FRONTAGE- 2 RETAIL SHOPS - 5 COMMERCIAL SHEDS - FLOOR AREA (APP) 800m2 - Land 1419m2 - 5 TENANCIES
$1,200,000
96-104 Musgrave Street, BERSERKER
Fully Rented - This is a prime low maintenance Commercial Complex located approx 2klms from the Rockhampton Central Business District with a 20m Frontage to Busy Musgrave Street which carries vehicular traffic from the Fitzroy River Bridge to the Northern Commercial and shopping precincts and the northern residential suburbs.
Constructed of Masonry Block and Steel this complex has recently had the roof replaced has excellent paint work and presents well.
This commercial property has the security of 5 separate tenants (7 tenancies - 2 of the tenants occupy 2 tenancies ). Reasonable rentals and prime location make this a property sought after by tenants.
SHOP 1 and SHOP 2 are rented to a well established Dry Cleaning business that has been operating from this site for many Decades and pays $3,354.12 per month GST inclusive plus Council Rates of $8136.00 per annum and Water usage.
SHED 1 - Leased to a well established Rockhampton kitchen cabinet supplier At $880 per month GST inclusive floor area approx 120m2
SHED 2 - Leased to a local well established Air Conditioning Contractor since 2012 at $484 per month GST inclusive Floor area approx 75m2
SHED 3 - Leased to a well respected local business operator at $575.00 GST inclusive
SHED 4 and 5 - Leased to a local well established Courier Operator since January 2017 at $1750 per month plus GST Floor area approx 300m2
All the above are stable long term commercial tenants and are presently on periodic tenancies.
Rockhampton Regional Council Rates are $18,638.94 per annum.
This is an excellent opportunity to purchase a solid low maintenance property with potential to increase rental levels.
Inspect today you will be impressed with the location, the property and the price
