10609 New England Highway Highfields QLD 4352
- Shop & Retail
- 710 m²
- For Sale, $1,100,000 (GST Not applicable)
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 QLD, 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 â DC Commercial on 0432 055 250 or via email email@example.com
|Floor Area||710 m²|
|Land Area||7,869 m²|
|Energy||0-star NABERS Energy rating|
|Parking||20 x Onsite parkings|
|Last updated||28 Aug 2020|
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