Invest in a beautifully presented multi-tenanted investment property on the iconic Gallery Walk in Mt Tamborine. Generating an impressive $102,183.12* income with strong lease terms, this property boasts three stylish shops and a lovely Queenslander residential property with a lock up garage / storage facility. Situated in a prime location with significant main street frontage, this property is a unique opportunity to enter an exciting market with reliable returns. Explore the potential today and invest for tomorrow!
On offer;
* $102,182.12* net income plus GST plus Outgoings
* WALE - 3.3years
* Recently refurbished 215m²* commercial shop premises split into 3 separate tenancies.
* 3 bedroom (268m²*) timber residence with lock up garage/storage facility
* Land area 1,755m²*
* 48.8m street frontage on Gallery Walk
* 10 car parks on site
Lease 1 - Shop 3
* Leased to NaMoo Cafe
* $30,947.12* p/a plus GST plus Outgoings
* 3x3 Year Lease
Lease 2 - Shops 1 & 2
* Leased to Franquette French Bakery
* $42,636* p/a plus GST plus Outgoings
* 5x5x5 year lease
* Wholesale and retail business
Lease 3 - 3 Bedroom residence
* 3 Bedrooms, 1 bathroom, lock up garage / storage facility
* Leased for $550.00 p/w - $28,600 p/a
* 2 year lease
* Rainforest backdrop
* Close to shops, schools, local amenities
* Perfect future Airbnb residence
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
