$448,000 (plus GST if applicable)

FOR SALE
103 RICHMOND STREET, MARYBOROUGH

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FREEHOLD INVESTMENT PROPERTY 7.5% return

Situated on a busy CBD corner locality is this prominent freehold property which is now offered to market as an investment property. Currently leased and occupied by well-established company, Bee Mart Enterprises who are one of Queenslandc_™s largest wholesale and retail suppliers of fruit and vegetables with multiple locations throughout Australia.
The property has a standout locality and has been successfully operated as a produce outlet for decades and sits ideally adjacent to a large council car park.
The property has a gross under roof floor area in the vicinity of 480m2 with a total land area of 589m2.
The property comprises a front retail customer service display and sale area, large sorting area at the rear, office plus multiple cold room storage space, all of which have high clearance door access and hard stand area allowing for forklift operations.
The property owner is wanting to retire and is now offering the buyer a secure three year lease term with options showing a net return in the vicinity of 7.5%* based on the asking price of $448,000.00 (plus GST if applicable).
If you are considering a simple no fuss low maintenance investment property with a long term secure tenant, do not hesitate to contact Wal Pavey Real Estate for further details and inspections.
*Approx.

  • Property ID: 3859
  • Occupancy: LEASED
  • Whole or Part Building: PART
  • Frontage: s
  • Available: Available: Now
  • Property type: RETAIL
  • Listing type: FOR SALE
  • Land Size: 589 Square
  • Buiding Area:480 480 Square
  • Outgoings Paid by: TENANT