To enquire, please email or call 1300 815 051 and enter code 4290
Prime Investment or future development opportunity 1,903sqm.
The subject property is a high profile corner site situated on the very busy Queen Elizabeth Drive with passing traffic in excess of 30,000 vehicles per day. Berserker is a suburb in the fast growing area of North Rockhampton. As the service capital of Central Queensland, the Rockhampton Region has a thriving commercial and business centre surrounded by significant mining and rural industries. Proposed investment spans broad Community projects, to Education and Tourism, in addition to the much publicised Coal, Energy, Minerals, Ports, Rail, Water investment occurring.
The property is currently leased to a national company. The current net rent is $84,064.22 per annum plus GST and 100% of all outgoings are paid by the Tenant which represents a net return of 7%. The lease expires on 31 August 2025 and the tenant has a further option of 3 years.
The property also offers future potential for re-development of various retail, commercial or outdoor sales uses under the current zoning, subject to council approval. The property had previous council approval for development as retail shops (inc Gloria Jeans Coffee) in 2016. See Link at https://www.couriermail.com.au/news/queensland/rockhampton/exclusive-gloria-jeans-drivethru-to-create-30-jobs/news-story/73f8f8ed2fc159d207a1ae59b1e7b039
The property comprises 3 separately titled allotments. Improvements are a small sales office, kitchen, and toilet comprising approximately 44m² and storage sheds. The property is not in a flood zone and has been occupied by car sales dealers for over 50 years and is currently leased as a car sales outlet.
By way of price comparison 43 Queen Elizabeth Drive (PUMA Service Station next door) sold for $4,750,000 in March 2018 with 170sqm less land area.
Please note: The Sale will be GST Free as it is currently leased on a going concern basis.
To enquire, please email or call 1300 815 051 and enter code 4290
