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Sold on 13 Aug 2018

27 - 29 Zammit Street Deception Bay QLD 4508

  • Shop & Retail
  • 441 m²
  • Sold

Consider This Neighbourhood Centres Potential

    Situated at Zammit Street, Deception Bay beside a fully functioning medical practice, this neighbourhood centre with five retail shops holds a wealth of opportunity for the right buyer who loves the challenge of revitalising a commercial property and reaping the rewards of that success.

    The building is constructed primarily of durable concrete tilt slab, and all five shops have plenty of store front windows with an abundance of on-site parking being an absolute must for any convenience shopping hub.

    With exception of the hairdressing salon, which remains trading, four of the shops are presently vacant and approximately range in size as follows:

    Shop 1 - 139sqm
    Shop 2 - 66sqm
    Shop 3 - 65sqm Hair salon
    Shop 4 - 65sqm
    Shop 5 - 110sqm

    With a face lift and some new life injected into the centre it could have a great income potential even at around a conservative leasing rate of $250/sqm. Combined and fully leased that is $110,000 net per annum. At the asking price of $750,000 it has a yield potential of over 14%! There is no doubt there are some challenges to be overcome but the rewards maybe there for the taking.

    Contact Glen Mare today to arrange an inspection.

    REF ID: 18966773

    CPRM Property Group (QLD)
    CPRM Property Group (QLD)

    Property Highlights

    Property ID2014335626
    Date Sold13 Aug 2018
    Floor Area441 m²
    Land Area1,665 m²
    ParkingAsk Agent
    Category
    Last updated  14 Aug 2018
    Map for 27 - 29 Zammit Street Deception Bay QLD 4508
    Map for 27 - 29 Zammit Street Deception Bay QLD 450827 - 29 Zammit Street Deception Bay QLD 4508
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    CPRM Property Group (QLD)
    CPRM Property Group (QLD)

    Property Highlights

    Property ID2014335626
    Date Sold13 Aug 2018
    Floor Area441 m²
    Land Area1,665 m²
    ParkingAsk Agent
    Category
    Last updated  14 Aug 2018
    CPRM Property Group (QLD)
    North Lakes Central 1st Floor Suite 213, 53 Endeavour Blvd North Lakes QLD 4509
    CPRM Property Group (QLD)
    CPRM Property Group (QLD)

    Ask CPRM Property Group (QLD) about this property

    CPRM Property Group (QLD)

    CPRM Property Group (QLD)

    07 3 *** ***
    07 34820100

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