We have have over 1 Commercial Real Estate & Properties for Sale in tin can bay QLD. Some of the Close Suburbs are 1 Commercial Properties for Sale
1 Commercial Real Estate & Properties in Tin Can Bay are listed in 1 categories. We have 1 Retail ShopsSale .
This income and lifestyle opportunity located at Tin Can Bay, part of the Great Sandy Straits, is one of the prettiest and most relaxing townships located at the gateway to the Fraser Coast just two hours north of Brisbane. The property has a residence located at the property which has a Commercial Cafe below and a three bedroom home as the residence above with both being leased until 2021 by the Cafe tenants. Behind the shop front you will find 4 x 2 bedroom flats with long term tenants. The buildings are located on a massive waterfront 1,873m2 lot. The Gympie Shire Council has previously granted Development Application (D/A) approval for another 6 units to be built on the property issued under the Integrated Planning Act. All of these opportunities simply create arguably the best lifestyle and income opportunity for 2019. The Property Type is Commercial Freehold with a Residential Zoning. As the current D/A has a lapsed, to continue with the planned future developments will require the D/A to be resubmitted for consideration prior to the commencement of works. Property features include: 3 Bedroom highset home, with a full Commercial Cafe below A block of 4 x 2 bedroom flats All have long term tenants Shared laundry 1,873m2 Great Sandy Strait waterfront location Direct access to Fraser Coast waterways Extremely solid investment, flats are returning $730 per week Commercial Cafe returning $1,851 per month Residential Unit above Cafe returning $1,217 Solar panel income $504 p/a approximately Gross return of $74,790 p/a approximately Very genuine Sale, unfortunately ill health circumstances bring this investment to the Market. Information Memorandum available on request TENANCY DETAILS: Unit 1 returning $180 p/w lease renewal due 21/11/2019 Unit 2 returning $180 p/w lease renewal due 25/07/2019 Unit 3 returning $180 p/w lease renewal due 07/07/2019 Unit 4 returning $190 p/w lease renewal due 09/03/2019 Commercial Cafe Gross Rent $22,219.92 p/a lease current to 13/04/2021 Residential Unit above Cafe Rent $14,610.24 p/a lease current to 13/04/2021 Solar panel income $504 p/a approximately Gross Yearly Income (approximately) : $74,790 OUTGOING: COUNCIL RATES: Approx $12,150 per year INSURANCE: Approx $4,653 per year MANAGEMENT FEES: $5,946 per year (managed by Century 21 by The Bay) Tin Can Bay: