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Inner City Commercial Investment @ 6.5% return + 3 bed, 2...

182 Riding Road, BALMORAL QLD, 4171

For Sale

Property for Sale in 182 Riding Road, BALMORAL QLD, 4171

Ray White Commercial Qld

Level 26, 111 Eagle Street (GPO Box 2433), Brisbane, QLD 4001

Listing ID:
11378470
Status:
Active
For:
Sale
Price:
Fully Leased Investment
Last Updated:
01/04/2020
Icon building

Property Type

Retail/Offices/Other
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Land Area

450 SQM
Icon size

Floor Area

362 SQM
Icon parking

Parking

3

Inner City Commercial Investment @ 6.5% return + 3 bed, 2.5 bath residential property

Located on a the main road connecting Bulimba to Brisbane CBD, 182 Riding Road represents a strong mixed-use investment opportunity.

Property comprises a recently refurbished two level commercial tenancy and a separate modern three-bedroom, 2.5 bathroom residential property built in 2015.

Price:

* The commercial building is being sold based on a capitalisation rate of a 6.5% (net)

* The residential property is being sold for $770,000 (median house price in Balmoral for 3 bed home is $850,000).

Key investment attributes:

* High profile position just 3.5 km from Brisbane CBD

* Located in one of Brisbane's wealthiest suburbs

* Fully leased with established tenants (Harcourts in location since 2009)

* No work to do here

* Townhouse built in 2015 and never been vacant

For a full copy of the Information Memorandum, please contact Stephen or Elliot today.

For more details, please email agent

Ray White Commercial Qld

Level 26, 111 Eagle Street (GPO Box 2433), Brisbane, QLD 4001


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