Ray White Commercial (QLD) are pleased to present to the market 22-26 Newton Steet & 5 Spencer Street, Monto QLD, for sale by the way of Auction, being conducted on Friday the 24th of September 2021, at 10:15am (AEST) on Level 26, 111 Eagle Street, Brisbane QLD.
22-26 Newton Street & 5 Spencer Street, Monto QLD comprises an outstanding opportunity to acquire a strong performing regional supermarket investment.
IGA Monto is located approximately 223km West of Bundaberg, positioned perfectly along Newton Street which is the town's main business and shopping thoroughfare.
This town is rich in history, with the property being used as a woolworths approximately 60 years in the past and the competition Coles Penny directly across the road. Since then the IGA across the road has been bought out and now there is only one major supermarket on the street, IGA Monto.
This opportunity comprises an IGA Supermarket, complemented by a Cafe next-door, a storage shed to the rear and a recently renovated 4 bedroom residential dwelling. The property returns a total of $160,223 + GST per annum and is leased to Peries IGA, who operates over 14 stores across Queensland.
For further information on this superb regional supermarket investment opportunity, please contact the exclusive sales and marketing agents below.
