12A BAROLIN STREET, Bundaberg South
STEADY INCOME WITH REAL CBD 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 4 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, ($16,800 per annum).
Shop 3 has been leased from 1 November 2022 for $1,400 per month or $16,800 per annum on a 1 year x 3 option.
Each shop has its own individual features but provide excellent Barolin Street exposure, comfortable internal fit-out and air conditioning.
With a weekly income of @ $969.23, Yearly rates of $10,812 and Insurance of $3,380, the property is currently returning 4.26% Nett. This property does lend 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.