5 Bright Avenue Arcadia QLD 4819

Knight Frank Townsville is pleased to present this fully leased retail investment at 5 Bright Avenue, Arcadia (Magnetic Island) to the market For Sale.

The property is located on Magnetic Island which is approximately 8km* from Townsville.

Key features include:
- Land area of 2,024 sqm*
- Building area of 457 sqm* configured as 6 separate tenancies
- Fully leased with a diverse mix of retail tenants (mini mart, fuel, bakery, cafe, hairdresser and allied health)
- Development upside with balance land (STCA)
- Estimated net income of $111,631
- WALE 2.75 years by area

Sale expectations $1,250,000 (8.96% net return)

For more information or to arrange an inspection, please contact Dan Place or Mark Fitzgerald at Knight Frank.

*Approximately.
*STCA - Subject to Council Approval