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.
* 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