2 Tin Can Bay Road, TIN CAN BAY QLD 4580
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- 4 Dec 2016
Freehold Retail Investment Opportunity - Prime Spot (2 Tin Can Bay Rd/Gympie Rd)
This prestige complex comprises a fully fitted out restaurant, fully fitted out cafe, furnished apartment, and 4 retail/office spaces.
Well exposed in picturesque Tin Can Bay on the main road with 65m of street frontage, it offers superb views over the bay and foreshore parkland.
The building is in excellent condition comprising approx 580m2 over 2 levels on a 645m2 block of land. There are 4 U/C parking bays as well as dedicated street parking bays.
- Shop 1: Hairdressing Salon - 40m2
- Shop 2: Coffee shop with complete fit-out - 83m2 plus
- Shop 3: Office/retail space 46m2
- Shop 4: Office/retail space 50m2
- Upstairs Restaurant: Restaurant with complete fit-out. 203m2
- Upstairs office: Office/retail space 34m2
- Upstairs 2br furnished apartment 73m2
Potential net income with all shops tenanted is approx $153,000. Yield 9.6%
This is an opportunity to obtain dedicated space with restaurant plant and equipment and café plant and equipment, on a vacant possession basis.
Licenced Restaurant - Seating 65 is beautifully appointed. The extensive windows overlooking the bay and foreshore afford great views and sea breezes. It is also an ideal site for weddings and functions.
Cafe/Bistro - Seating 53 inside and al fresco is fully equipped.
The property offers an excellent opportunity to create a wealth investment that will appeal to those looking for a diverse income stream, in a bayside location.
The precinct carries a large volume of tourist traffic en route to the beaches, marina and the dolphin feeding station at Norman Point. The adjacent holiday accommodation, marina and two caravan parks are busy 11/12 months providing a transient population convenient access to highly sought after services.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
2 Tin Can Bay Road TIN CAN BAY