40 Meyer Avenue Wangan, Innisfail, QLD 4860

Floor Area:

200sqm

Land Area:

834sqm

Sold

Sold for $230,000 on Apr 16, 2023

Long term tenant with excellent returns

Located in the village of Wangan.

This commercial property has had the same tenant for many many years. They recently just renewed a 5 year lease with a further 5 year option.

This is the only baker in this area and has a very very strong client base. The savvy investor will understand that a net 6.5% return is hard to get, let alone to have a rock solid tenant, with a long established track record. The tenant owns all the equipment in the building with a total investment in the 100's of thousands of dollars.

The building requires no work and consists of the retail space, the management office, production and warehouse facilities as well as dual toilets a laundry and an approved kitchen. The tenant has a generator hard wired to the building in the event of power outage. Side access for loading and unloading and a wide street frontage.

Really a rock solid, set and forget investment particularly suitable for self managed superannuation funds.

$250 000

Contact Michael Skuse

Michael Skuse

Principal

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Property Info:

Property ID: L17286337
Property Type:Retail
Building / Floor Area:200 sqm
Land Area:834 sqm

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