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40 Meyer Avenue Wangan
Innisfail QLD 4860
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Sold on 16 Apr 2023

40 Meyer Avenue Wangan Innisfail QLD 4860

  • Shop & Retail
  • 200 m²
  • Sold, $230,000

Long term tenant with excellent returns

    Located in the village of Wangan.

    This commercial property has had the same tenant for many many years. They recently just renewed a 5 year lease with a further 5 year option.

    This is the only baker in this area and has a very very strong client base. The savvy investor will understand that a net 6.5% return is hard to get, let alone to have a rock solid tenant, with a long established track record. The tenant owns all the equipment in the building with a total investment in the 100's of thousands of dollars.

    The building requires no work and consists of the retail space, the management office, production and warehouse facilities as well as dual toilets a laundry and an approved kitchen. The tenant has a generator hard wired to the building in the event of power outage. Side access for loading and unloading and a wide street frontage.

    Really a rock solid, set and forget investment particularly suitable for self managed superannuation funds.

    $250 000

    Contact Michael Skuse

    Raine & Horne Innisfail
    Raine & Horne Innisfail
    49 Fitzgerald Esplanade
    Innisfail, QLD 4860

    Property Highlights

    Date Sold16 Apr 2023
    Sold Price$230,000
    Floor Area200 m²
    Land Area834 m²
    ParkingAsk Agent
    Property ID2017666119
    Category
    Last updated  6 Jun 2023
    Map for 40 Meyer Avenue Wangan Innisfail QLD 4860
    Raine & Horne Innisfail
    Raine & Horne Innisfail
    49 Fitzgerald Esplanade
    Innisfail, QLD 4860

    Property Highlights

    Date Sold16 Apr 2023
    Sold Price$230,000
    Floor Area200 m²
    Land Area834 m²
    ParkingAsk Agent
    Property ID2017666119
    Category
    Last updated  6 Jun 2023

    Listed by

    Michael Skuse
    Raine & Horne Innisfail
    Call
    0411029300

    More about 40 Meyer Avenue Wangan Innisfail QLD 4860

    40 Meyer Avenue Wangan Innisfail QLD 4860 is categorized as Shop & Retail Property. It has a floor area of 200 m² and a land area of 834 m². The listing ID for this property is 2017666119.

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