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10609 New England Highway
Highfields QLD 4352
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Sold on 15 Feb 2021

10609 New England Highway Highfields QLD 4352

  • Shop & Retail
  • 710 m²
  • Sold

6.8% Net Yield Solid Tenanted Investment with 3 separate income streams and potential development opportunities!

Situated in one of the fastest growing suburbs in Queensland, 10609 New England Highway in Highfields is positioned on the 4 lane main arterial highway providing incredible exposure to the high volume of daily vehicle traffic to and from Toowoomba (located only a 10 minute drive away).

This unique premises is tenanted by 3 individual tenants, a bakery, a swim school and a residential property, with a net income of $74,194.19.

The bakery is currently leased until December 2022 with 4% annual increases and a 3 year option. The ease of access from the Highway to the premises and the well-known and respected food offerings provide the bakery with a steady stream of customers with many travellers and locals stopping by on a daily basis.

The Gail Walker Swim School has been operating out of this premises for over 15 years and is very well known and respected in the area, with a solid loyal customer base. The heated pool has recently received a new fibreglass bottom and the tenant will sign a new 3 x 3 year lease on contract. The swim school is the only swim school in the area that provides an indoor heated learning environment (an essential requirement in this area)

The 3 bedroom brick residential property is currently leased at $310.40 per week, which is moderate rent for the area.

Situated on a large 7,869m2 block the property is currently under utilised with approximately half of the block presenting itself for future development (subject to TRC requirements).

For more information on this unique investment opportunity please contact Drew Camm DC Commercial on 0432 055 250 or via email drew@dccommercial.com.au

DC Commercial
DC Commercial
3 Lucinda Avenue
Highfields, QLD 4352

Property Highlights

Date Sold15 Feb 2021
Floor Area710 m²
Land Area7,869 m²
ParkingAsk Agent
Property ID2016462759
Category
Last updated  6 May 2021
Map for 10609 New England Highway Highfields QLD 4352
DC Commercial
DC Commercial
3 Lucinda Avenue
Highfields, QLD 4352

Property Highlights

Date Sold15 Feb 2021
Floor Area710 m²
Land Area7,869 m²
ParkingAsk Agent
Property ID2016462759
Category
Last updated  6 May 2021

Listed by

Drew Camm
Drew Camm
DC Commercial
Call
0432 055 250

More about 10609 New England Highway Highfields QLD 4352

10609 New England Highway Highfields QLD 4352 is categorized as Shop & Retail Property. It has a floor area of 710 m² and a land area of 7,869 m². The listing ID for this property is 2016462759.

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