$800,000 plus GST if Applicable
16 Herbert Street, Bowen, QLD 4805
MAJOR CENTRE ZONED - BLUE CHIP TENANCY IN PLACE
Substantial commercial premises located in the heart of Bowen's CBD; this building has high visibility, quality construction, and a national Blue Chip tenant in place with solid lease terms. Having been occupied by the Westpac bank for over 30 years, this building is a solid investment opportunity to add to your investment portfolio. Sited on a very spacious 1017m2 corner parcel of land, there is ample on-street parking for customers and the front and side of the building. There is further ample onsite parking for staff. The building has been designed to capture as much street presence as possible with a unique floor plan wrapping around the main frontage corner to ensure maximum visibility. The building offers two access doors at the front (one electronic and one manual with disability access) for clients to easily visit the premises. Upon entry, there is a large foyer/ customer service area with tellers facing the front of the building behind protective screening. Behind the main foyer area is a private section offering several office spaces before entering the fully secured main bank area. Behind secure access, there is another two private and secure office spaces, several storage spaces, the main staff area with an open plan design, and Male and Female WC facilities. The building is fully air-conditioned and cabled for the highest level of banking operations.
THE FIGURES:
Rates: $3,500 approx per six-month period (Tenant Reimburses Vendor)
Water Usage: Tenant reimburses Vendor
Insurance: $3,310 approx PA - (Tenant reimburses Vendor)
Rental return: $54,257 plus GST per annum (With annual rent review on 1 July 2025, 1 July, 2026)
Lease details: 01/07 /2024 -30/06/2027 (With 3 x 2 Year Options)
Zoning: Major Centre - According to WRC Planning*
Be sure to do your figures on this quality Blue Chip investment opportunity; this will be highly desirable in the Bowen commercial market space.
*Given the nature of the tenant within this property, inspections are only available with prior appointment and approval from the tenant. Identification will be required before access is granted.*
THE FIGURES:
Rates: $3,500 approx per six-month period (Tenant Reimburses Vendor)
Water Usage: Tenant reimburses Vendor
Insurance: $3,310 approx PA - (Tenant reimburses Vendor)
Rental return: $54,257 plus GST per annum (With annual rent review on 1 July 2025, 1 July, 2026)
Lease details: 01/07 /2024 -30/06/2027 (With 3 x 2 Year Options)
Zoning: Major Centre - According to WRC Planning*
Be sure to do your figures on this quality Blue Chip investment opportunity; this will be highly desirable in the Bowen commercial market space.
*Given the nature of the tenant within this property, inspections are only available with prior appointment and approval from the tenant. Identification will be required before access is granted.*
Property Info
Municipality
Bowen
McCrae Property Group Bowen
26B Kennedy Street
Bowen, QLD 4805
Tel: +61747862222
Email Us
Kyli McCrae
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