50 Powell Street Bowen QLD 4805

Exceptional Mixed-Use Property with Multiple Income Streams in Bowen's Prime CBD. This unique mixed-use site offers incredible potential for the savvy investor, with four separate tenancy opportunities on one property. Currently, the property includes three prominent shopfronts on Powell Street and a spacious private residence at the rear. The residence at the rear is vacant, providing the new owner with the option to either move in or generate additional rental income from a fourth tenancy.

Commercial and retail space is in high demand in Bowen, and with few available options for incoming tenants, this property is a solid investment that promises long-term returns. Situated on a generous 1,141m² parcel of land, the property offers ample tenant parking at the rear and additional shed space for residents. The property is zoned Major Centre according to the local council town plan, presenting exciting future development opportunities.

INCOME DETAILS:
Shop One Queen Of Clothing
Rental Return: $1,600 per month
Lease Details: 12 months with Expiry 4th August, 2025 (with one-year option)

Shop Two Hooked on Hair
Rental Return: $1,080 per month

Shop Three Clothing Store
Rental Return: $470 per month

Tenancy Four Rear Residence
Currently Vacant
Rental Appraisal: $500 per week

Total Potential Income: $5,316 per month / $63,792 per annum

OUTGOINGS:
Rates: $4,464 per half year
Insurance: $4,330 per annum
* The outgoings are not part of any of the tenant leases.

What a rare investment opportunity. This mixed-use property, located in the heart of Bowen's bustling CBD, offers an exceptional opportunity for both immediate and long-term investment. Don't miss your chance to secure this versatile propertycontact us today for more information.

* Please note that the property may be subject to GST.