This is a rare opportunity for investors or business owners to secure a prime commercial freehold property in the bustling Kingaroy CBD. Ideally located with dual street access from both Kingaroy Street and Circular Place, the property consists of two retail/café shops that are currently leased, offering an immediate income stream.
Key Features:
• Land Size: 475m²
• Local Authority: South Burnett Regional Council
• Primary Land Use: Shopping Group (2-6 shops)
• Zoning: Business
• Parking: Ample parking available in front of the buildings, with additional off-street Council car parking located behind the property.
Tenancy Details - Investment Opportunity with Established Tenants:
• 197 Kingaroy Street: Currently leased to a bakery operating on a periodic (month-to-month) basis. The tenant pays approximately $2,034.59 per month GST inclusive + 50% of outgoings annually, providing a stable income stream with flexibility for future leasing arrangements.
• 199 Kingaroy Street: Leased to a popular café, which benefits from front footpath dining. The tenant pays $1549.59 per month GST inclusive + 50% of outgoings annually, with potential for renewal or re-leasing.
With its prime location on Kingaroy Street, this property enjoys high foot traffic and excellent visibility, boosted by the recent CBD revitalization project. It's a tightly held location that rarely becomes available.
Don't miss this exceptional investment opportunity in Kingaroy.
