12A BAROLIN STREET, Bundaberg South
BLUE CHIP CBD INVESTMENT WITH FUTURE DEVELOPMENT POTENTIAL
Bundaberg has seen exponential growth in the past couple of years with an interstate migration and a reduced need to work out of city offices.
This great complex of 4 shops located directly adjacent to the Bundaberg Post Office is literally in the geographical centre of the Bundaberg CBD and provides the potential to buy now, receive immediate rent and plan for the future being surrounded by the tallest buildings in the retail heart of town and the region.
Shops 2,3 and 4 all have a floor space of 55 square metres with a street width of 4.89 metres and an internal depth of 11.3 metres. Shop 1 is slightly larger with 5.17 metre frontage giving 58.4m2 floor space and new tenant has entered into a 12 month lease for $1,400 per month with a further 12 month at $1,400 plus CPI.
Each shop has its own individual features but provide excellent Barolin Street exposure, comfortable internal fit-out and air conditioning.
Currently returning approximately 5.077% Net with potential for enhanced returns, this property lends itself to vertical development and expansion.
The owner has given clear instructions that they are seeking a Contract of Sale, so qualified buyers are invited to contact Exclusive Listing Agent Greg McMahon on 0414 518 315 for more information and private inspection.