Beachside Retail with Development Potential
12 First Avenue, Bongaree QLD
+ 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