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12 Melton Street
Biloela QLD 4715
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Sold on 26 Aug 2024

12 Melton Street Biloela QLD 4715

  • Shop & Retail
  • 187 m²
  • Sold

9.02% GROSS RETURN - MULTI TENANTED ALL AT AFFORDABLE RENTAL AMOUNTS

    Located in a sought-after area of town, 12 Melton Street boasts a prime location next to Drakes Supermarket, directly across from the Biloela Library and Church. Divided into three separate shops with a total underroof area of 187.18m2 approx., this versatile premises offers endless potential for investors or business owners alike. Each shop has 2 toilets and plenty of client parking directly out the front of the premises. There are 3 parking spaces at the rear of the property.
    Current tenants include insurance, health and beauty services, showcasing the diverse range of possibilities for this space.
    Shop 1:
    - Hair Salon
    - Monthly Rent: $830.00 per month (GST not applicable)
    - Lease: Periodic
    - Sqm Under roof: 48.18m2 approx.
    Shop 2:
    - Massage and Kinesiology
    - Monthly Rent: $1,052.55 per month (GST not applicable)
    - Lease: Periodic
    - Sqm Under roof: 66m2 approx.
    Shop 3:
    - Insurance Brokers
    - Monthly Rent: $1200.00 per month (GST not applicable)
    - Lease: 3 year + 3 year options with 3% rises annually
    - Sqm Under roof: 73m2 approx.
    With its strategic location and established tenancy, 12 Melton Street presents a lucrative investment opportunity. Don't miss your chance to capitalise on this prime commercial space in the heart of Biloela. Contact us today for further details and to arrange a viewing.
    Council Rates: $4,035 per half year approx.
    Insurance: $3,735 per year approx. (due for renewal September 2024)

    Property Highlights

    Date Sold26 Aug 2024
    Floor Area187 m²
    Land Area296 m²
    Parking3 x Onsite parkings
    Property ID2019256649
    Category
    Last updated  3 Sep 2024
    Map for 12 Melton Street Biloela QLD 4715

    Property Highlights

    Date Sold26 Aug 2024
    Floor Area187 m²
    Land Area296 m²
    Parking3 x Onsite parkings
    Property ID2019256649
    Category
    Last updated  3 Sep 2024

    Listed by

    Ross Munroe
    First National Real Estate Biloela
    Call
    0488 923 367

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