8-10 Merritt Street, Capalaba, QLD 4157

This well presented freestanding building is situated less than 100metres from Redland Bay Road with excellent signage and exposure to passing traffic.

The building currently has two tenancies however this can be reconfigured back to three tenancies. The site has separate entry and exit driveways for easy access and truck deliveries.

Unit 1 - 562sqm a/c showroom and warehouse

Currently tenanted on a 3 + 3 + 3 year lease commencing 1/9/2024

Annual rent is $112,400 gross per annum

Unit 2 & 3 - 543sqm

Currently tenanted with lease expiry 31 July 2026 @ $103,862 gross per annum

Current outgoings for the property are approximately $35,185 per annum (rates, land tax, building insurance)

Total approximate net rental income is $181,000

For further information and to arrange an inspection please contact Exclusive Agent, Colin Tucker.