Mixed use Commercial/Residential Brick Complex - 3 Shops with Main Street FrontaGe - Double storey 3 Bed Residence with internal stairs
$495,000
50B-50D Main Street, PARK AVENUE
Possibly the best rental return available in Rockhampton with a potential return of $1,000.00 per week and the safety of having 4 separate tenants.
Located in the popular Park Avenue shopping Precinct.
This is a brick residential/commercial complex that consists of
A double storey home with internal stairs - The top level features 3 bedrooms, a sleepout, a spacious lounge, bathroom, separate toilet and a family area around the internal stairs - This top floor area features pine walls, high ceilings, ceiling fans, excellent carpet floor coverings and good paintwork.
Internal stairs lead to a large open plan dining area, a modern kitchen with and island bench and a gas stove, a lattice enclosed covered out door entertaining area -
Rental Details are
Dwelling - Excellent tenant paying $320 per week . The owner advises that this tenant has been at this property for over 10 years.
Shop1 - Owner advises that there is no formal lease tenant pays $200 per week and has ben at the property for over 20 years.
Shop 2 - Owner advises that there is no formal lease tenant pays $200 per week and has ben at the property for over 5 years.
Shop 3 - Owner advises that there is no formal lease tenant pays $60 per week and has been at the property for over 40 years.
Rockhampton Regional Council Rates are $5352.15 per half year.
Even with the existing rents this property shows a great return plus the real potential of increasing the existing rentals.
Our rental estimate for this property would be $200.00 per week to $250.00 per week for each of the 3 shops and a rental of $400.00 per week for the dwelling.
