31B Musk Avenue Kelvin Grove QLD 4059

This stylish, two-tiered café, located beneath a newly constructed, 144-apartment complex within the heart of a bustling university precinct, presents an outstanding entry-level investment opportunity.

The property is tenanted by established boutique specialty café ‘B+C Lab’ on a 3-year lease with a 5-year option.

The key features of this property include:

– Premium entry-level retail investment
– High foot traffic location within the Queensland University of Technology Kelvin Grove campus
– Well established and regarded tenant in the local retail precinct
– Net income of $55,624* per annum (excluding GST and Land Tax if applicable)
– Annual rental increases by CPI
– Tenancy area of 89m²* over 2 levels
– Newly constructed building (2016) meaning minimal capital expenditure and low body corporate fees

31B Musk Avenue, Kelvin Grove is offered for sale via Offers to Purchase.