Retail For Sale - QLD - Childers - 4660 - DIVERSE INVESTMENT OPPORTUNITY CURRENTLY AT 7.4% ROI (Image 2)

130-132 Churchill Street Childers QLD 4660

For Sale $950,000

Property Type Retail
Land area approx 968sqm
Floor area approx 390sqm
Region Wide Bay Burnett
Locality Bundaberg

Tags: Development Lease

DIVERSE INVESTMENT OPPORTUNITY CURRENTLY AT 7.4% ROI

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 to be fully cleared to make way for a large development.
The security of 5 tenancies with a split of 4 commercial and 1 residential, 3 bedroom, 1 bathroom property.
Current owners have refurbished the entire 5 buildings only a few years ago creating low cost ownership
Conservative Potential earnings of $85,500 per annum + outgoings. Potential ROI with all tenancies filled @ 8.14% gross.
3 x commercial shops leased with 1 additional shops currently available for lease + 1 x residential lease in place until November 2023 @ $435 per week

For more information please contact your local NAI Harcourts Ignite Agent Michael on 0419 025 330 or Rhys on 0437 457 575

All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.