Commercial Freehold
Price: $517,000
Add this Commercial holding to your Self managed Super Fund portfolio. $31,025 pa *3x3 year lease *CPI increase each year to Yr 3 *Prime Location.
This opportunity rarely presents itself and is sure to be a successful acquisition for the future. Located in Grant St, only metres from Macrossan st, fronting the park and with huge advertising space along one wall.
Grant Street is now know for it’s restaurants and eateries with may boutique shops as well it is the main thoroughfare from the main st to the Marina. Currently returning 6% with CPI rent increases to come. The returns and capital can only go up!
Port Douglas is a world class holiday destination. Located 45minutes north of Cairns international airport and the closest departure point to the Great Barrier Reef.
Which is the major stimulus to the Douglas Shire and supports our growth in Australian and international tourism numbers. On a peninsula with limited land available to develop commercial holdings are highly sought after. Apart from the Great Barrier Reef and Daintree Rainforest, Port Douglas offers boutique holiday accommodation right through to the Multi Million dollar homes. There has been a strong growth in residential property due to the “Sea Change” relocations putting high demand on the market. Details: Address; Shop 6 /12 Grant St Port Douglas 4877. Title details; Lot 6, BUP 71521 CT 21153112 Area; 73M2 Zoning; "General Business" Lease term; 3 x 3 years Commenced 1/5/07 Rent Reviews; CPI increase ea. year; To market end Yr. 3 Net Annual Return; $31,025 p.a. (Rent; $425.00 psm, p.a. + all o/g) Sale Price; $517,000 (not negotiable)
Property Address
Find our property at 6/12 Grant Street, Port Douglas
