$475,000

This property is being sold for the first time in nearly 20 years and represents a great opportunity for an investor to buy this highly visible corner lot with frontage to Shute Harbour Road.

Located in Blue Bay Industrial Estate Cannonvale, the property is home to the Salvation Army Family Store who will be relocating in August 2022 as they are needing more space for their operations.

Ray White Whitsunday is presently advertising for new tenants, or now is the time for an owner operator to step in.

Features:
• 371 square metres (includes small office, and kitchenette)
• Fully Air conditioned,
• Both on street parking and three (3) exclusive use "off street car-parks"
• Rear access via fire door and roller door.

Return on Investment - (Based on current advertising for a new tenant)

Annual Rental Income $ 60,000 plus GST. (Inclusive of outgoings)
Less
Body Corporate Levies $ 14,907
Rates $ 2,868 $ 17,775

Net Return $ 42,225

Sales Value based on possible investment yields are as follows:

Yield 7.0% Sale Price $ 603,000
Yield 8.0% Sale Price $ 528,000
Yield 8.5% Sale Price $ 497,000

The vendor will consider all reasonable offers.

For more information contact:

Brett Dwyer 0447 583 759 [email protected]

Mark Beale 0404 498 790 [email protected]