Savvy investors will always be looking to build upon their investment portfolios with solidly constructed, strategically located bricks and mortar commercial premises that provide a consistent income stream and assured capital growth. 102 Woongarra Scenic Drive is that investment vehicle that provides all those things in abundance.
Sitting on a 904m2 freehold block and with 3 shops totalling approximately 320m2 under roof, this super investment is in a superb location. Being directly at the entrance point to Carlyle Gardens, one the Bundaberg Region's most popular retirement villages, the address itself beckons location, convenience and value.
With secure and successful tenants anchoring the long term lease arrangements and providing a Net Return of 5.68% this is better than money in the Bank. The current returns being:
Shop 1; Currently $38,119.46 per annum plus GST. Expires 31/8/27 with 5% annual increase, plus 2 x 5 year options
Shop 2; Currently $44,963.40 per annum plus GST. Expires 31/8/27 with 5% annual increase, plus 2 x 5 year options.
Shop 3; Currently $13,009.92 per annum expires 31st Dec 2023. Tenant is signing committing to a lease which has been accepted as 5years, plus 2 x 5 years options.
Rates: $5,778.66 per half year.
Insurance: $5,065.00 per year.
In uncertain times, bricks and mortar investments of this type and in this location provide financial strength and security. Unlike bank deposits, for which the returns here exceed in any case, owners derive and maintain the safety of the original investment and enjoy the ongoing income stream from the happy and content tenants.
Inspection is by private appointment only for duly qualified buyers. Please contact your Exclusive Listing Agent Greg McMahon on 0414 518 315 or greg@ascot.net.au for a pre-arranged viewing.
*Whilst every endeavour has been made to verify the correct details in this marketing neither the agent, vendor, or contracted illustrator takes any responsibility for any omission, wrongful inclusion, mis-description, or typographical error in this marketing material. Accordingly, all interested parties should make their own enquiries to verify the information provided. Any fixtures shown may not necessarily be included in the sale contract and it is essential that any queries are directed to the agent. Any information that is intended to be relied upon should be independently verified*
