Grange Units Sold for $2.25 Million
Neighbouring tenanted commercial units at Grange in Brisbane’s inner north have been sold by Ray White Commercial for $2.25 million.
Lots 7 & 8/7 Days Road and 11 Days Road, Grange, were sold to two separate private investors by Steve Black from Ray White Commercial Pine Rivers on behalf of a private owner.
Steve Black said 7 Days Rd comprises two units of approximately 160 sqm each, one of which is currently leased by tutoring service Fruition Tuition.
“This unit generates holding income for the purchaser of approximately $66,000 per annum,” he said.
“The purchaser intends to occupy the other unit.”
Steve Black said 11 Days Rd is a 160 sqm building on a land area of 600 sqm which has been purchased initially as an investment as it is generating holding income of $50,000 per annum.
“The buyer does intend to eventually occupy 11 Days Rd for their music teaching business,” he said.
Grange is a popular suburb and is located just 5km north of the Brisbane CBD.