Description

In the heart of Nerang and never before offered to market, this is a unique opportunity for Investors or Owner Operators looking for holding income.
With 3 of the 4 units under lease and one unit of 284 sqm currently utilised by the owner, buyers have the option to either fully rent the total space, or for owner ocupiers, utilise the current owner's unit and gather the holding income from the existing tenants.
The owner may also consider a leaseback of his unit to the new buyer.

The building has been fully renovated including new insulated roof, lights and electrical and general upgrade.

• 920 sqm building recently renovated, painted, new electrics and roof
• Low outgoings, rates and water $14,154 - no body corporate
• Approximately 1590 sqm land (32m approx street frontage)
• 4 units, 3 fully leased and the owner uses the fourth (284 sqm) unit privately
• Potential net income $206,000 pa
• Opportunity to utilise one unit and continue with the current rental income or lease fully

For confidential information, please contact the agent , Keith Twist 0416 269 753 or Steve O'Connell 0455 044 813

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise. Sizes are approximate.