An ideal commercial redevelopment site, currently trading as a freehold carwash, to be sold by Auction as a going concern. The business is close to fully managed and returns a net income to the owner of around $100,000 p.a. which could be used as a holding income while consideration was given to redevelopment alternatives, which may include a full refurbishment of the carwash.
Prominently positioned on Beerburrum Road Caboolture, in the CBD; just minutes from Morayfield and the Bruce Highway. The property has excellent local exposure and is on the main access road to D'Aguilar Highway and surrounding northern suburbs.
The land site is 1,105m2 and commercially zoned for light industry use. The carwash is fully operational and has been trading since 2001 but is now in need of a full refurbishment to restore it to former glory days (it produced net profit in excess of $320,000 as recently as the 2008/9 financial year).
The property would make an outstanding acquisition for an astute business operator or developer to substantially enhance the net purchase yield.
Contact Warwick Peters at R&W Caboolture Commercial for further details and information memorandum.
