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37 Glynn Street
Dimbulah QLD 4872
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Sold on 5 Apr 2023

37 Glynn Street Dimbulah QLD 4872

  • Shop & Retail
  • 389 m²
  • Sold, $260,000

10% RETURN - FREEHOLD INVESTMENT - NORTH QUEENSLAND

    Dimbulah is a town in Far North Queensland, located on the stunning Atherton Tablelands, 114km from Cairns. Dimbulah is a vibrant town offering sports facilities, schools, medical facilities, shops, community centre, and good internet and mobile reception. Plus easy access to Cairns International Airport.

    This commercial holding is strategically positioned in the absolute heart of Dimbulah. The Bakery known as 'the best little bakery in the north' is the only supplier of bakery products in the Dimbulah township and surrounding areas.

    The bakery has been operating for over 15 years.

    • Premises leased to Dimbulah Bakery
    • Rent $33,423.34 incl gst per year
    • Nett lettable area 389 m2 approx.
    • Land area 465 m2
    • Fixed term till 31 July 2025 + 3 year option
    • Market Review 1 August 2025
    • CPI Review 1 August 2023, 2024, 2026, 2027
    • All bakery equipment + fixtures & fittings included in the sale
    • Air-conditioned workers accommodation on site
    • Rates $1,428.10 per half year paid by the owner

    The property was completely renovated in 2018 including wiring, lighting, plumbing and new roof. Nothing to spend.

    A good opportunity to invest in one of Queensland rural towns with reliable income.

    Property Highlights

    Date Sold5 Apr 2023
    Sold Price$260,000
    Floor Area389 m²
    Land Area465 m²
    ParkingAsk Agent
    Property ID2018328317
    Category
    Last updated  9 May 2023
    Map for 37 Glynn Street Dimbulah QLD 4872

    Property Highlights

    Date Sold5 Apr 2023
    Sold Price$260,000
    Floor Area389 m²
    Land Area465 m²
    ParkingAsk Agent
    Property ID2018328317
    Category
    Last updated  9 May 2023
    69 Manchester Rd Carrara QLD 4211

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