Great investment potential for the savvy buyer. Current rental return is in excess of 9%. Insurance valuation in excess of $500,000. Live the dream of owning and operating your own freehold shopping complex with potential of up to 8 shops in total smack dab in the middle of well-known tourist drive thoroughfare. So many options as these are the ONLY shops in this town. Restaurant, café, crafts, antiques, hairdresser, artist co-op, real estate outlet, art gallery, wine tasting from the South Burnett, local arts and crafts, lots of local talent or small business potential here. Great way to invest your super or just a wonderful new entrepreneurial lifestyle in the countryside. The vendor/owner is selling the complex well below the insurance valuation due to health reasons. The rental returns from the complex are well above average. Plenty of passing traffic, and no opposition for at least 22 klms.
Woolooga is a quaint rural community complete with primary school, shops, local pub, and community hall and tennis courts just 25 minutes North West of Gympie. Only 1hour 20 minutes to Hervey Bay or Noosa Heads, or Sunshine Coast Airport. How good is that!!!!
Own a part of Woolooga history as the building is approx. 104 years old.
Refurbished, repainted, rewired and plumbing updated – there is nothing 2 do!
2 sections with 2 flats
Potential: creation of 8 shop front outlets
Income: currently returning 9.3% return
2 x units 1- 3 x bedroom 1 x 2-bedroom units (which could be converted into more shops if you desire!)
4 shops with current setup
#10 leased as a café and 3 bedroom unit till July 2020 with a 3-year option
#11 leased with an extra section that would suit a hairdresser to rent out as well.
#12 2 bed unit leased
Plenty of on street parking plus there is room under the shops to park a couple of vehicles, or the tenants can park around behind the shops.
Total 449m2 floor area and 1496m2 land area
Rates $1112.25 per half year
Great drive through location from wide bay highway to Bruce highway popular tourist drive
Great customer exposure and foot traffic
The owner will throw in the 2 vacant blocks next door #14 and #16 if you wish to pay for title transfer only!
But wait there is more… owners also selling modern immaculate low set 4 bed, 1 bath 2 shed brick home on 1021m2 overlooking the township as well @ a bargain $295,000! Check it out here if you want the house 2: https://www.agents2go.com.au/property/710/qld
NOTE: Owner is prepared to look at an exchange for a house in the Gympie area!
Contact the team at agents2go to arrange your personal inspection.
Whilst all due diligence has been taken in the preparation/details of this document agents2go can attach no guarantee to them and recommend intending purchasers conduct their own enquiries.
Property Code: 711
10-12 Thomas Street, Woolooga, Queensland, 4570, Australia