130-132 Chucrhill Street Childers QLD 4660
For Sale $1,050,000
- Property Type Retail
- Land area approx 968sqm
- Floor area approx 390sqm
- Region Wide Bay Burnett
- Locality Bundaberg
5 TENANCIES = SECURITY
Located in the Bundaberg Regions Hinterland township of Childers, an exciting and strategically positioned bustling town rapidly emerging to be the foodie hub of the wide bay, the Childers CBD is a strong commercial market showing great returns.
This rare opportunity is on 2 titles stretching from the main street (Bruce Highway) to the rear street, Macrossan street, opening up future development potential with buildings that are not heritage listed unlike the majority of the Childers CBD enabling the site ot be fully cleared to make way for a large development.
The security of 5 tenants with a split of 4 commercial and 1 residential makes sense savvy investors.
Current owners have refurbished the entire 5 buildings only a few years ago creating low cost ownership
ROI is at 7.25% gross.
Long term and anchor tenancies in place with 4 x commercial shops and 1 x residential leases
Total rent (Gross) $76k
All properties are currently tenanted