259 Shute Harbour Road Airlie Beach QLD 4802

PRICE REDUCTION NOW $ 2,650,000 (GOING CONCERN)

Located on the highly sought-after northern or ocean side of Airlie Beach's lively main street, 259 Shute Harbour Road is a rare gem. Properties in this prime location are rarely available on the market, and fully tenanted, making this an exceptional opportunity to secure a highly coveted piece of real estate.

This property offers three main street shops, an upstairs bar/lounge/office and a one-bedroom apartment. At the rear of the property (ocean side) there are three lock-up garages with access via a road easement and rear access to shops. Recent maintenance works include extensive roofing and general maintenance works, including installation of a new power board, and features one large grease trap, hooked up to the (3) three main street shops and upstairs bar.

The tenants are popular well managed and established businesses who pay their rent on time when due.

Total net Income received is $ 183,731 plus GST. Tenants pay all outgoings.

Development Approval has been obtained to build two residential units above the garages at the rear of the building. When built, these units would have an unobstructed view straight over Airlie Beach lagoon and out onto the uniquely turquoise Coral Sea.

With its high visibility and central location, this property enjoys excellent foot traffic and exposure, making it an ideal location for a range of businesses.

The building itself is well-maintained, offering spacious and functional commercial spaces that are perfect for a variety of uses.

Ideally situated in the heart of Airlie Beach, one of the most popular tourist destinations in Australia. With its breathtaking natural beauty and world-class attractions, the Whitsundays attract millions of visitors every year, making it an ideal location for any business looking to capitalise on this thriving market.

Further details and Information Memorandum is available upon request.

Contact Brett Dwyer on 0447 583 759 for more information on this great investment opportunity.