$495,000

Looking for that start up commercial investment property or another one to add to your portfolio, then this is for you!

The area is becoming known as the new food district of Bourbong Street with sit down eateries and coffee shops like Indulge, Buzz, Bargara brewhouse, Club Hotel across the road and the Eastern Dragon, the Bundaberg Tavern, the new RSL under construction and the Grand Hotel under renovations soon to be open on the northern side.

The owner has just been approved for Council's contribution towards the cost of repainting the facade of the building. With it being only one story it would be easy to add commercial kitchen extractor fans.

Features include:
• 368m2 site with rear loading, unloading and car parking.
• Approx. 183m2 building divided into two shops.
• The owner installed new air-conditioners about four years ago.
• Owner pays the rates and insurance.
• Barber Shop new lease from 1St of July 2024 to 30th June 2026 plus one one-year options to 2027.
• Massage Shop new lease from 1St of July 2024 to 30th June 2026 plus one one-year options to 2027.
• Current Net Rent to Owner: approx $32,060.00 per annum.
• Owner does not charge GST on the rent.

For more information or to arrange an inspection, please contact John Pappalardo on 0427 875 396 or [email protected].

DISCLAIMER: The information provided is for use as an estimate only and potential purchasers should make their own inquiries to satisfy themselves of any matters. We have used our best endeavours to ensure the information contained is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained.