5 Bright Ave Arcadia QLD 4819
- Shop & Retail
- 1,012 m²
- For Sale, $1,000,000 (GST na)
Arcadia Shopping Centre 10% net return
- Passive Investment with 10% net Return
This suburban strip shopping centre located in arguably the premier residential housing enclave of Magnetic Island currently returns $95,574.12 net p.a.
The Arcadia Shopping Centre located a 5 Bright Ave. consists of 6 masonry brick & fibro shops 5 of which are occupied by long term tenants running well established and profitable businesses.
The 6 shops - 3 on long term CPI leases, 1 on long term rental agreement, 1 on month to month (for 13 years) return the above disclosed figure. With the vacant shop (No 5) rented this figure increases by $10,500pa to $106,074.12pa
The mix of tenants range from a Grocery Store (also sells fuel & is one of only two on the Island) a Licenced Restaurant/Coffee Bar, Real Estate Agency, Hairdresser and a Nail Therapy Salon.
The property occupies half of the 2,024sm allotment allowing for the opportunity to add more shops or (now) much needed storage sheds as and when required.
The property is being offered For Sale for the first time in 32 years simply because the owners (ourselves) are closer to 80 years of age than we would wish - otherwise there would be no reason to sell. With current low interest rates this property is a sound investment assuring a long term, reliable income.
- Commercial loan calculator
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