110 Enterprise Street, Svensson Heights
8 PERCENT POTENTIAL RETURN – SUPERB ENTERPRISE STREET COMMERCIAL OPPORTUNITY
With almost a football field of Enterprise Street frontage (95.5 metres) and approximately 150 metres of depth and divided down the middle on a superb 1.02 hectare commercial portion, 110 Enterprise Street, Svensson Heights is one of the best money earners or business locations in Bundaberg.
As per the Plan of Leases A & B, the westerly portion sits on a handy 5486m2 of flat land with a 52.7m2 frontage. There is a 752.6m2 shed with an abundance of internal office space for that larger business to operate from. There is a further 240m2 shed to the rear of this portion which may be included in Lease A or sublet.
Overall, Lease A is available for lease at $100,000.
Lease B, being the eastern portion of package sits on a secure fenced 4472m2 portion of land with approximately 1,000 metres of office and shed space. There is 42.815 metres of frontage to Enterprise Street.
Lease B was recently renewed on 2 April 2022 (2 years + 2 years option) to a National carrier franchise for the sum of $101,970.00 + GST ( per annum, ($8,497.50 monthly) with a date of initial rent review on 2 April 2023 with a 3% increase.
This property offers so many possibilities to prospective buyers whether they be the pure investor or the business with needs space now with the potential to grow and expand. Call Exclusive Listing Agent Greg McMahon on 0414 518 315 to inspect this prime opportunity today.