Government Funded Tenant – Circa 9% – $800,000 Plus

75 Lennox St, Maryborough QLD

Property Highlights

Renewed 3 year lease to February 2021

Government funded organisation

Net Income $73,673 p.a. (plus GST)

Description

Renewed 3 year lease to February 2021 plus options to 2027
Life Choice is a Government funded organisation established since 1996 and a National NDIS Provider.
Modern freestanding commercial building with on-site parking.
Air-conditioned carpeted offices and solid brick construction
Freehold Site with land area of 1,123 square metres
Approx NLA of 670 sqm (Estimate only)
Tenants pay all outgoings as per the lease
Annual CPI reviews (rent cannot decrease on annual or market reviews under the lease)
Situated in the Maryborough CBD
Maryborough – the Administrative Capital of The Fraser Coast (20 mins to Hervey Bay)
Net Income $73,673 p.a. (plus GST)

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Government
Land Size
1,123 SQM
Gross Building Area
670 SQM

Contact Agent

Glenn Conridge

0413 873 337

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