Receive 8.7% income now and redevelop in the future
This large 804m2 land is zoned LMR and is currently being run as a successful car wash business.
A new lease is in place for 3+3 years for $75,000 pa income. The tenant pays all the outgoings.
At 8.7% nett yield plus of course the redevelopment potential makes this land an attractive proposition for an investor or developer.
The redevelopment potential of the land is significant as Sherwood has experienced excellent capital gains over the last 5 years and with Indooroopilly close by, which has been designated as a PRAC area (Principal Regional Activity Centre) by government, the benefits of these expansion plans will no doubt assist the surrounding suburbs.
The area is set to become a property hot spot and obtaining this type of land while the property market is deflated will put the owner in a strong position in years to come. 翻译中文