10-12 Thomas Street Woolooga QLD 4570
MID $400,000's!

DESCRIPTION

Great investment potential for the savvy buyer. Current rental return is in excess of 9%. Insurance valuation in excess of $500,000. Live the dream of owning and operating your own freehold shopping complex with potential of up to 8 shops in total smack dab in the middle of well-known tourist drive thoroughfare. So many options as these are the ONLY shops in this town. Restaurant, café, crafts, antiques, hairdresser, artist co-op, real estate outlet, art gallery, wine tasting from the South Burnett, local arts and crafts, lots of local talent or small business potential here. Great way to invest your super or just a wonderful new entrepreneurial lifestyle in the countryside. The vendor/owner is selling the complex well below the insurance valuation due to health reasons. The rental returns from the complex are well above average. Plenty of passing traffic, and no opposition for at least 22 klms.

Location:
Woolooga is a quaint rural community complete with primary school, shops, local pub, and community hall and tennis courts just 25 minutes North West of Gympie. Only 1hour 20 minutes to Hervey Bay or Noosa Heads, or Sunshine Coast Airport. How good is that!!!!

Features:
Own a part of Woolooga history as the building is approx. 104 years old.
Refurbished, repainted, rewired and plumbing updated – there is nothing 2 do!
2 sections with 2 flats
Potential: creation of 8 shop front outlets
Income: currently returning 9.3% return

2 x units 1- 3 x bedroom 1 x 2-bedroom units (which could be converted into more shops if you desire!)
4 shops with current setup
#10 leased as a café and 3 bedroom unit till July 2020 with a 3-year option
#11 leased with an extra section that would suit a hairdresser to rent out as well.
#12 2 bed unit leased

Plenty of on street parking plus there is room under the shops to park a couple of vehicles, or the tenants can park around behind the shops.

Total 449m2 floor area and 1496m2 land area
Rates $1112.25 per half year
Great drive through location from wide bay highway to Bruce highway popular tourist drive
Great customer exposure and foot traffic
The owner will throw in the 2 vacant blocks next door #14 and #16 if you wish to pay for title transfer only!
But wait there is more… owners also selling modern immaculate low set 4 bed, 1 bath 2 shed brick home on 1021m2 overlooking the township as well @ a bargain $269,000! Check it out here if you want the house 2: https://www.agents2go.com.au/property/710/qld

NOTE: Owner is prepared to look at an exchange for a house in the Hervey Bay or Gympie area!

Included Chattles

Shop 11:Full kitchen fit out to make it a commercial kitchen. 3 stainless sinks joint together. End plate. Lincoln Impincer pizza oven. Conveyor type. New stainless steel pizza conveyer stand. Bromic stainless steel upright deep freezer, model no OF0650SDF Pizza prep and fridge, including work bench1900 long. Anvil make cake floor stand 1460 long. Oven Canopy. Westinghouse electric oven. Stainless steel work bench, shelf and center stand. 2000 x 1060. Roband model no N1048, stainless steel sandwich press. New Lincat model no IP218, stainless steel hotplate. 10 Timber good quality tables. 29 Timber good quality chairs. Mercure water heater. Menu boards fitted to the wall. Carpet Tiles. Next door all 3 fitted sinks on work bench in store room and fully connected Next door at front of shop. Fitted and working stainless steel sink. Stainless steel benches.

Shop 10:Commercial electric/Gas oven. Sinks and work benches. New dishwasher. All carpet tiles

Underneath building: All new/used timber/ plywood, Windows. Doors Bracing rods. All paint.

Contact the team at agents2go to arrange your personal inspection.

Disclaimer
Whilst all due diligence has been taken in the preparation/details of this document agents2go can attach no guarantee to them and recommend intending purchasers conduct their own enquiries.

Property Code: 711