Price Busters 22 High Street Boonah QLD 4310

Phone enquiries - please call 1300 594 794 and quote property ID 38675.

BOND-LIKE INCOME SECURITY WITH DEVELOPMENT UPSIDE

LEASE INCOME - long-term investment 30 years (5+5+5+5+5+5 years)

$52,000.00 / $106m2 per annum + GST / $4,333.34 per month + GST
Weighted Average Yield 4.9% - 5.12% (Based on Guaranteed Growth)

PRICE
$1,114,000.00 / $2,249m2 representing a net yield of 4.67%

PROPERTY DETAILS
• Lot 1 on RP 156474 Land Area 315m2 - Title Reference 15675141
• Lot 7 on RP 861788 Land Area 918m2 - Title Reference 18705050
• Total Area 1233m2
• Zone 810 District Business, Scenic Rim Regional Council

LEASE AREA
• Lettable area 495m2

CAR PARKING
• 20 car parks at rear of property (Walter Street)

UPGRADES
• Solid brick retail building, recently updated with new fixtures and fittings.
• Recent upgrades include a new metal roof fitted 5 years ago (10-year guarantee), as well as new electricals updated to code.

PROPERTY HIGHLIGHTS
• Location: Boonah, QLD – growing Scenic Rim region
• Titles: 2 freehold titles offering:
FUTURE LIQUIDITY: Option to sell titles separately or sub-divide the tenancy later.
REDUCE RISK: Diversifies the underlying land value and provides a clear exit strategy.
• Lease: 1 October 2024 – 30 September 2029 plus 5×5-year options (up to 30 years)
• Rent: $52,000/year net, increasing $2,500 every 5 years
• Personal Guarantee provided by Vinay Patel
• LEASE: Mega Clearence Pty Ltd A.C.N. 163 904 354 Trustee under instrument 723473465 of the whole Land.
• Forward Yield:
o Year 1: 4.67%
o Year 5: 5.57%
o Year 10: 6.69%
o Year 15: 7.81%

INVESTMENT APPEAL - PREMIUM, 'BLUE CHIP' ASSET
• Long-term lease with built-in rental growth
• Net lease = no landlord expenses
• Tenant pays all outgoings (Included but not limited to Insurance, Rates, Water & Sewerage, pest control, air-conditioning expenses & service, power, professional costs, management, maintenance etc as outlined in the Lease), so the $52K/year is pure net
. Tenant has been in the area for over 15 year's or more showing his reliability.

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist commercial property owners who are looking to sell or lease their own commercial property without paying any real estate commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.