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Entry Level CBD Freehold Retail Investment | 10 Year Lease to 2030 Plus Options

67 Ellena Street, Maryborough QLD

Property Highlights

Expansive 1,547sqm* GFA
Recent $275,000 capital refurbishment
Favourable 'Principal Centre' zoning
Register to Bid

Description

Burgess Rawson is pleased to offer to the market Maryborough Fitness, Health & Bodyworks for sale via our Investment Auction Portfolio 168.

This opportunity has the following key investment highlights:

+ Ten (10) year lease to 2030
+ Two (2) further five (5) year options to 2040
+ Maryborough Fitness Health & Bodyworks: privately owned and operated 24/7 gym & café located in the heart of Maryborough CBD with an established client base
+ Impressive 1,547sqm* gym and café with a recent capital refurbishment of $275,000
+ Rare opportunity to purchase below replacement cost
+ Dominant 1,272sqm* freehold CBD site with sought-after ‘Principal Centre’ zoning and exposure to high levels of foot traffic
+ Single tenanted investment offering the incoming purchaser an easy to manage income stream
+ Located 300 metres* from Station Square Shopping Centre, anchored by Coles, BIG W & 40 specialties, and additionally supported by Woolworths Maryborough
+ Surrounded by essential social infrastructure including TAFE Maryborough and Queensland Government Offices within 50 metres
+ Maryborough: situated in the heart of the Fraser Coast Region, playing a critical role in its thriving $4.79 billion economy. The region anticipates a significant 25% increase in population by 2041, driven by its thriving industrial, energy, and resources sectors
+ Net Income: $62,726 pa* + GST (as at September 2024)

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 16 May 2024
The Hilton, Brisbane

Bidder registration required, register at portfolioauctions.com.au

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
1,272 SQM
Building Area
1,500 SQM

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