Secure investment with over 6% ROI at 100% Occupancy

Located in the Professional Centre of the "Commerce North Building" in North Bundaberg just off the Burnett Bridge. This is a fantastic location with great parking for customers out the front and off-street parking available for the tenants. This property is close to the Bundaberg CBD, amenities, and excellent exposure from passing traffic and accompanying businesses.

This complex built in 1970 was refurbished in 1995 and 2013 was originally a shopping mall and is now a professional complex divided between 8 tenancies, 7 of which are on ground level and 1 upstairs. Extensive renovations have been undertaken on this property with flood mitigation in mind from positioning of gyprock, to power points and everything in between!

100% occupied with a variety mix of tenancies including a home builder, skin care, Aboriginal corporation (TAC), web designers, insurance brokers, apprenticeship centre, and ability support centre.
This solid complex comprises of the following (download the IM for further details):
- 8 tenancies with a letting area of approx. 600m2
- Under covered breezeway with accessibility to the rear car-parking area and toilet block
- Toilets: 2 ladies, 1 male, 1 PWD accessible, and 1 private making up a total of 5 toilets for the tenants and clients to utilise
- Double garage
- Parking allocated to the tenants and clients to the rear and side of the property, including 1 x disability parking space
- Presentable complex with garden beds and secure gated access to the toilet block to ensure private access for the complex tenancies only

This complex has a solid return with long-standing tenants in place and is a great investment!

Disclaimer:
The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Any information of special interest should be obtained through independent verification.

overview

  • 6958642
  • $950,000
  • Offices
  • For Sale
  • 53 Perry Street Bundaberg North QLD
  • 14
  • 800 sqm
  • 2023 sqm
  • 14