Sold
Retail

61 and 65 Mary Street GYMPIE, QLD 4570

Sold on 4 Dec 2017
  • Building: 245m²
Agents

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Retail in GYMPIE

Two Freestanding Shops Side-by-Side | Fully Leased | 8% Return | Not in Flood Zone

  • Building: 245m²

Ray White Commercial North Coast Central take pleasure in offering this prime Mary Street, Gympie retail investment property, with two long term, well established tenants. Well located within easy walking distance to the centre of this busy town, positioned on Mary Street. This unique property has excellent street frontage and exposure to passing traffic and has easy access for customer loading and car parking at the rear. Located out of the flood zone you can't go wrong with this low risk, high profile investment. This would be the perfect addition to your SMSF or investment portfolio.

  • 245m2 in total (Lot 61 approx. 120m2 & Lot 65 approx. 125m2)
  • Located in central Mary Street in the heart of Gympie
  • Both shops have 10m street frontage
  • Located out of the flood zone
  • Returning annual rental of $54,000 P/A + GST
  • Both lots are freestanding with no body corporate, so minimal outgoings
  • Lot 61 tenanted by popular Batik Botique who have just taken up another 3 year option ending March 2020
  • Lot 65 tenanted by national tenant, Hello World travel agency have just signed a new 3 year lease ending in February 2020

Contact exclusive marketing agent Emily Pendleton for further information.

Building:

245m²

Zone:

Principal Centre Zone

Investment Information

Tenancy Status:

Currently Vacant

Current Weekly Rent:

$1,038 *

Current Annual Gross Income:

$54,124 *

Current Annual Nett Income:

$45,230 *

Current Annual Other Outgoings:

$8,894 *

Current Annual Total Outgoings:

$8,894 *

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield:

N/A (Marketed Without Price)

Council:

Gympie Regional Council

* The rental income figures are based on an estimate by the selling agent of the likely amount the property would rent for if marketed for lease

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

* The rental income figures are based on an estimate by the selling agent of the likely amount the property would rent for if marketed for lease

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

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