857. COMMERCIAL COMPLEX FOR SALE IN IPSWICH $700,000

Two shops in the complex, one is 150m2, another one is 180m2.

Land size is 550 m2.

82949607_481615689204949_6221850437151096832_nThe complex can be build into a 4-story high rise.

There are 3 toilets and 7 car parking spaces currently but can be 10 spaces. Council will build another 30 car parking spaces next door.

The current tenant is a fruit and vegetable store which is occupying the two stores.

Yearly rent is $65,000.

As the vendor of the property, paying yearly insurance is around $4,800 and the yearly council rates are around $4,800.

Yearly net income after paying rates and insurance is around $55,000 and net return is around 7.8%.

Selling price is $700,000

Please contact Alice on 0432 843 715 to arrange an inspection.