$398,000

47-49 Grevillea Street, Biloela, QLD 4715


PRIME COMMERCIAL SPACE FOR SALE IN BILOELA! 12.1% GROSS RETURN

Welcome to 47-49 Grevillea Street, where investment meets opportunity in the heart of the Central Business District. Boasting a solid tenant in Centrelink for over 30 years, this property provides a stable and lucrative income. Recent upgrades include new carpet, air conditioning system and a fresh coat of paint, ensuring a modern and inviting atmosphere for patrons.
Not only does this property provide a, long-term, reputable tenant, but its proximity to a major shopping centre ensures a steady stream of foot traffic. The convenience of on-site parking and the added accessibility of rear lane entry make this space a practical choice for businesses.
-Current annual rental income $48,159 plus GST.
-Leased to Commonwealth of Australia
-Lease term 12 months (tenant has requested an additional 2 years) plus a further 2 X 1 year options

-Land area 421 M2
-Building area 157 M2 under roof plus 4 car employee parking
-Located within 2 minutes to Biloela shopping world.

Invest in success, secure your future with 47-49 Grevillea Street. Schedule a viewing today and discover how this property can elevate your investment portfolio.

Property Info

Municipality
Biloela
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