LAWD in conjunction with McCulloch Agencies is pleased to present for sale 154 St George Street, Mungindi a perfectly positioned commercial building, situated on a 613* square metre corner block in the main street of Mungindi.
The building consists of four shopfronts.
Two shopfronts are currently occupied by long-term tenants operating a takeaway cafe.
The sale will include six-month leases on the other two shopfronts that have been fitted out and utilised previously for a beauty and hair salon that could also be used as office/storage space.
Based on current outgoings the property has the potential to achieve an income of approximately $23,000* per annum or 8.25% net*.
NB. As a going concern, this property is potentially not subject to GST upon purchase.