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12 Melton Street
Biloela QLD 4715
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Sold on 26 Sep 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)

    First National Real Estate Biloela
    First National Real Estate Biloela
    5 Gladstone Road
    Biloela, QLD 4715

    Property Highlights

    Date Sold26 Sep 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
    First National Real Estate Biloela
    First National Real Estate Biloela
    5 Gladstone Road
    Biloela, QLD 4715

    Property Highlights

    Date Sold26 Sep 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

    More about 12 Melton Street Biloela QLD 4715

    12 Melton Street Biloela QLD 4715 is categorized as Shop & Retail Property. It has a floor area of 187 m² and a land area of 296 m². There are 3 x onsite parkings.The listing ID for this property is 2019256649.

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