Freestanding drive thru retail building with 5 year lease

SOLD

74 Abbott Street

Oonoonba QLD 4811

Retail

FOR SALE

210m2

• 5.5 + 5 + 5-year lease to Cignall

· Commenced 01/10/2020 (expires 31/03/2026)

· $61,200 per annum gross + GST

· Rates and insurance are: $8,500 per year

· Net income $52,700 + GST

· 9-month bank guarantee

· 2 x directors personal guarantees

· Fixed 2% annual increases, FMR at option.