308 High Street Macleay Island, QLD 4184
0.4ha (1.0 acres)
High Return Investment Opportunity - Emerald Isle
For sale is the Emerald Island Shopping center located in the center of Macleay Island amongst the Redland Coast Southern Islands.
This commercial center is made up of 7 shops and 9 storage units currently returning $107,000 net per annum. Tenants pay all out-goings. One retail shop is presently vacant, all storage units are fully leased.
An approval is at hand for a further 2 shops to be built and would contribute approximately an additional $38,000 per annum.
The property also includes a three bedroom home for an owner operator or could be rented in the current market for an additional $15,000 per annum.
Fully leased, this site will achieve approximately $185,000 per annum.
Macleay Island is a growing island community, with a present population of 3,500 people. The island is growing at the rate of 50 new homes per year and has land available to support a population of 10,000 people.
For more information, or to arrange an inspection , contact NAI Harcourts.
DISCLAIMER: Subject to the provisions of the Trade Practices Act 1974 and subject to any other non-excludable statutory provisions. Conduco Pty Ltd t/as NAI Harcourts Gold Coast for themselves and for the Vendors of this property for whom they act give notice that all information given in relation to this property whether contained in this document or given orally, is given without responsibility and intending purchasers and tenants should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No person in the employment of Conduco Pty Ltd t/as NAI Harcourts Gold Coast has any authority to make or give any representation or warranty in relation to this property.
Property ID: 503003634Last Updated: 24 Jan 2019