Retail Shop For Sale
Price: $550,000
The subject property is situated in the tightly held retail area of Port Douglas.
Commercial Real Estate is as rare as hens teeth in Port Douglas, especially when it is in the main street - Macrossan Street.
This retail outlet is for sale and is 78 m2.
Situated in the Courthouse Hotel site, on the corner of Macrossan and Wharf Street in Port Douglas this commercial site enjoys plenty of foot traffic from tourists and locals alike.
Currently tenanted on a month to month basis the going rate is $575 per m2 and with a permanent tenant has a potential of $45,000 per annum which is a nett return of 8.26%. Rent reviews are 3 % annually and to market at options.
Additional Features:
Air Conditioners Car Park Kitchenette
Property Address
Find our property at Shop 5/1 Macrossan Street , Port Douglas
