Auction Monday 18 November 2024

Clint Franke from Ray White Ipswich is excited to present a rare and prime redevelopment opportunity in the heart of Bowen. This expansive 2,530 sqm parcel, comprising three separate titles, offers investors a unique chance to land bank, redevelop, or hold with a generous income.

The offering includes two freehold sites and a large vacant commercial lot. One site is occupied by a long-standing doctor's surgery and a QML Pathology, providing stable ongoing income, while the second site, previously an old milk bar, is currently vacant an ideal for an owner-occupier or re-letting to enhance returns.

Key Features:

• Three separately titled properties
• Dual street corner frontage
• Established doctor's surgery and Pathology with immediate rental income of *$102,079.80 Net
• Large vacant commercial lot for development or leasing
• Prime location with excellent exposure and redevelopment potential
• Located within the Local Centre Zone, which provides activities that service local needs, including allied health services, shopping, employment nodes, dining, entertainment, community services, and residential development.
• Other known addresses: 39 and 41 Murroona Street, Bowen.

Bowen, a coastal town with a population of around 10,500, is experiencing steady growth driven by its agricultural, mining, and tourism sectors. The demand for residential, healthcare, and retail services is rising, supported by new infrastructure projects and the nearby development of Abbot Point.

This property is ideally positioned within the Local Centre Zone, which aims to integrate and enhance local activities, fostering a vibrant community atmosphere. With a sitting tenant providing immediate income and the flexibility for future development, this property represents a solid investment. Its dual street frontage offers excellent visibility and access, further enhancing its redevelopment potential.

Whether you're looking to maximise its potential with a new build or hold onto it for capital appreciation, this is an opportunity not to be missed! For more information, contact the listing agent, Clint Franke, today.

AUCTION DETAILS:
Date: 18 November 2024
From 11 am
Venue: Howard Smith Wharves, 5 Boundary Street, Brisbane CBD


Disclaimer: The information contained in this advertisement, including but not limited to rental returns, property descriptions, and boundary outlines, is provided in good faith and for general information purposes only. Ray White, the property owners, and their agents make no representations, warranties, or guarantees, express or implied, as to the accuracy, completeness, or reliability of the information provided. All interested parties are advised to undertake their own independent inquiries and investigations. Ray White, the property owners, and their agents disclaim all liability for any loss or damage, direct or indirect, arising from reliance upon any information contained in this advertisement, including errors, omissions, or misstatements.