Property Description

Entry-Level Commercial Investment With Immediate Income PotentialDPC Commercial is pleased to present Unit 8, 3 Fermont Road, Underwood, for sale with a price guide of $275,000 or for lease at $19,323 p.a. net plus outgoings and GST.This well-presented 57 m² ground-floor office/retail premises offers an affordable entry point into the commercial investment market, with a proposed vendor leaseback available to provide income from settlement.Proposed Vendor LeasebackThe owner is prepared to enter into a leaseback on the following proposed terms:* Initial lease term of 12 months from settlement* Two further options of one year each in favour of the vendor-tenant* Initial rent of $17,100 p.a. net plus outgoings* Estimated outgoings of approximately $9,560.64 p.a., recoverable from the vendor-tenant* Approximate initial net yield of 6.2% based on the $275,000 price guide* Option-period rent reviews and final lease terms to be agreed and documentedThe initial 12-month term is intended to provide the incoming owner with rental income while a suitable long-term replacement tenant is sourced.The two further one-year options provide the potential for continued occupancy if exercised by the vendor-tenant. The options should not be treated as guaranteed additional income unless exercised.DPC Commercial can continue actively marketing the premises for lease during the initial leaseback period. Any surrender, assignment or replacement tenancy would be subject to agreement between the relevant parties.Based on the current advertised market rent of $19,323 p.a. net and the $275,000 price guide, the property may offer the potential to achieve an approximate 7.0% net yield if that rental level is secured.The property may also be considered by owner-occupiers on a vacant-possession basis, subject to the price and terms being acceptable to the owner.Sale Price Guide: $275,000Current Lease Asking Price: $19,323 p.a. net plus outgoings and GSTProperty Features* 57 m² ground-floor office/retail premises* Spacious open-plan layout with high ceilings* Professional presentation throughout* Fully air-conditioned* Private kitchenette with dishwasher* Storage cabinets for files and business equipment* Office-grade flooring* NBN connectivity* Cat 5 cabling servicing up to seven workstations* Phone connections at each workstation* Server rack/data cabinet, including phone system and 21-port switch* Multiple power points throughout* Shared male and female amenities on both levels* Shared signage opportunities* Recently resurfaced sealed car park* 26 shared car spaces for clients and staff* Disabled parking space directly in front of the premises* Garbage collection* Walking distance to nearby bus stops* Convenient access to Logan Road and the M1 MotorwayThe premises may suit a variety of office, professional, medical, allied-health, retail or service-based businesses, subject to the relevant approvals.Underwood is approximately 20 kilometres south-east of the Brisbane CBD and benefits from excellent access to the M1 Motorway, Logan Motorway, Brisbane Airport, Springwood Business Centre and the Gold Coast.Underwood Marketplace is only minutes away and provides convenient access to shopping, banking, postal services, medical centres, dining and other important local amenities.For further information or to arrange an inspection, please contact exclusive agent Daniel Pirrone-Cook.The property is currently vacant and the proposed vendor leaseback is not presently in place. The initial term, options, rent, outgoings, rent reviews, GST treatment and all other leaseback terms remain subject to agreement and formal documentation. The two option periods are exercisable by the vendor-tenant and do not constitute guaranteed income unless exercised. The stated yields are indicative only and no future rent or tenancy is guaranteed.

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Daniel Pirrone-Cook

1300 009 247 0438 008 267 dpirrone-cook@agencyhq.net.au