141-143 Bay Road Toowoon Bay Available
Prime Freehold Leased To The Bay Cafe Restaurant
This prime retail village freehold investment, leased to the popular restaurant, The Bay Café in Toowoon Bay.
Investment considerations include:
Bay Rd is a highly trafficked neighbourhood village retail strip, providing essential retail amenities to the affluent suburbs of Toowoon Bay and Blue Bay.
Limited alternate competing retail amenities in this suburb make this location highly sought-after.
The property is positioned in the prime position in the strip surrounded by other essential retail amenities including a post office and a pharmacy.
Irreplaceable freehold land of 196 sqm2.
This two-storey building comprises of a ground floor retail shop and an additional residential dwelling upstairs. The upstairs residence features 3 bedrooms, a spacious kitchen, living and dining room, bathroom and internal laundry. The upstairs residence alone has a potential rental return of $23,400.00 per annum.
The ground floor commercial shop is currently securely leased to the successful The Bay Café Restaurant since 2009.
The current rent is $61,750.00 per annum plus 60% outgoings.
High quality fit-outs have been completed by the tenant.
For further information on this sale, contact Michelle Vo on 0401 029 815.