Key Investment Insights
1. Prime location in the thriving regional city of Gladstone, with close proximity to business and leisure precincts.
2. Stable, high-quality tenant in place until at least 2028, with the potential to extend the lease until 2043.
3. 37 strata titled lots, including a range of accommodation options from studios to three-bedroom apartments.
4. Annual rent of $729,349, providing a high return on investment.
5. Potential for individual unit sales to benefit from local housing demand.
6. Building is less than 15 years old, with no major works planned until 2028.
7. Conference facilities accommodating 40 delegates attract corporate trade.
8. Property inspections are by appointment only.
9. Net profit of $553,540, providing a strong and stable income for the owner.
10. Expressions of interest are invited, providing an opportunity for potential buyers to negotiate a suitable purchase price.
ROI Estimate: 6.42%