30 Butler Street, TULLY QLD 4854
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- Rural / Farming
- Floor area:
- 0 x Onsite parking
- Return (PA):
- Land area:
- Energy Efficiency Rating:
- 0.0 NABERS energy rating
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- 13 Sep 2016
INVESTMENT OPPORTUNITY, RETAIL OUTLET & RESIDENCE
Tully is a vibrant agricultural community, home to the largest banana growers in the country and one of the largest sugar mills in Australia, servicing one of the country's most productive sugar cane growing areas.
One of the premiere retail businesses in town is looking to divest ownership of their property and be free to concentrate exclusively on their retail business. The property is in a prime location in the main street shopping strip.
The current owners are looking to continue trading under a leasing arrangement with the new owners.
The building is approx. 110m x 160m (1760m2) with an 110m frontage.
Share accommodation, at the rear of 30 Butler Street, Tully.
All furniture included. Close to shops. Includes: TV, Comfortable lounge.
Kitchen has all cooking utensils. Three bedrooms complete with individual bedding and ceiling fans.
The unit is fully detached from the business premises and has a separate toilet & bathroom. There is also an internal laundry, making it fully self-contained.
This property has been used for accommodation for some time and is popular with backpackers because of its proximity to the banana worker pickup points and the town's amenities; such as the Tigers Leagues Club , Tully Hotel and Mount Tyson Hotel. The unit has everything that backpackers want and has good rental history. Currently looked after by our friendly Property Management team.
The property has been upgraded to current cyclone regulations and is newly clad.
The property includes a car parking area at the rear.
Income Potential: The owners intend to stay on in the retail business and will provide a Lease-in-Place arrangement for the store.
The total return is estimated to be around $46,800 p.a. (shop and Unit), depending on the tenancy arrangements for the residence.
Contact the friendly sales team at LJ Hooker Tully to arrange an inspection.
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
30 Butler Street TULLY