Secure Tenants on 5 x 5 x 5 Lease

Located in Middlemount Central Qld, these properties are to be sold as a package.

The part owners/managers of the business operating from the Industrial Premises are the occupiers of the Residential Property also on offer.
The part owners/managers of the business operating from the Industrial Premises are the occupiers of the Residential Property also on offer.The residential property was built in the 1980’s and was renovated prior to listing for sale.

The Industrial property is the home of the successful local Coastal Rural Traders business and has been used as such for over 35 years. The properties are located in a buoyant and prosperous location with ongoing demand for the products supplied from the industrial premises. With the expansion of existing mine sites and establishment of new ventures, this is expected to continue for the foreseeable future.The Industrial Property is set on a large block of 3686m2 with many improvements including:-

-Large shed for stock with sales counter
-Long shed at the rear for trucks and extra stock
-Double Bay Shady shed carport
-Total building space is approximately 1847m2
-Zoned Industrial
-Income $7929.71 pcm (inc GST)

Plus

-Highset 3 bed hardiplank home with one bathroom
-Situated on a Rare 800m2 block of land one of very few that comes up for sale
-Highset House with air con throughout
-Hardiplank Exterior of the house
-3 Bedrooms with built-ins
-Polished timber flooring
-Updated Modern kitchen
-Separate Lounge room and Dinning room
-Good size front deck
-Fully fenced with open back yard 
-Income $1300 pcm

Terms of settlement: A 10% deposit is required on Contract Exchange with balance due on Settlement (approx 6 weeks later).

Middlemount is a great lifestyle region of Queensland, located within a 2.5 hour drive of the coast, Mackay and Rockhampton. A number of mines in the area are undergoing a significant expansion which will secure employment and business opportunities for the hardware store.

Asking Price: The properties are available for sale for $1.25M producing a gross income of $102,000 per annum net of GST and a gross yield of over 8%