Beachside Retail with Development Potential

12 First Avenue, Bongaree QLD

Property Highlights

1,862 sqm site zoned to 6 storeys
Value add with increased rental income
Leased to famous local seafood market
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Description

+ Strategic Seaside Retail Investment
+ Opposite Beach with huge development upside
+ Position perfect only metres to beach & waterfront
+ Substantial 1,862sqm site zoned to build 6 storeys (STCA)
+ Suit mixed retail & residential development
+ Combined 8 shops leased to Iconic local Seafood café, retailer and hairdresser
+ 5 yr + 5 yr lease to famous Saviges Seafoods plus others.
+ Potential value add through increased rental income
+ Bribie Island is a short 45 min drive north of Brisbane connected by bridge.
+ Situated in Brisbane’s thriving northern growth corridor.
+ Net Income $61,906 p.a. (plus GST)

For Sale by Investment Portfolio Auction
11am (AEST) Wednesday 29 September 2021
Venue: Crystalbrook Vincent Hotel, 5 Boundary Street, ‘Howard Smith Wharves’ Brisbane

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
1,862 SQM
Building Area
572 SQM

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