SOLD BY RAY WHITE - High Exposure - Prime Position - Solid Investment

This property is being sold for the first time in nearly 20 years and represents a great opportunity for an investor to buy this highly visible corner lot with frontage to Shute Harbour Road.

Located in Blue Bay Industrial Estate Cannonvale, the property is home to the Salvation Army Family Store who will be relocating in August 2022 as they are needing more space for their operations.

Ray White Whitsunday is presently advertising for new tenants, or now is the time for an owner operator to step in.

Features:
• 371 square metres (includes small office, and kitchenette)
• Fully Air conditioned,
• Both on street parking and three (3) exclusive use "off street car-parks"
• Rear access via fire door and roller door.

Return on Investment - (Based on current advertising for a new tenant)

Annual Rental Income $ 60,000 plus GST. (Inclusive of outgoings)
Less
Body Corporate Levies $ 14,907
Rates $ 2,868 $ 17,775

Net Return $ 42,225

Sales Value based on possible investment yields are as follows:

Yield 7.0% Sale Price $ 603,000
Yield 8.0% Sale Price $ 528,000
Yield 8.5% Sale Price $ 497,000

The vendor will consider all reasonable offers.

For more information contact:

Brett Dwyer 0447 583 759 brett.dwyer@raywhite.com

Mark Beale 0404 498 790 mark.beale@raywhite.com

Explore the area

School catchments

Whitsunday Christian College Combined Prep-12 Independent 0.71km
Cannonvale State School Primary Prep-6 Government 2.3km
St Catherine's Catholic College The Whitsundays Combined Prep-12 Catholic 16.8km
Proserpine State High School Secondary 7-12 Government 16.9km
Proserpine State School Primary Prep-6 Government 17.1km
Hamilton Island State School Primary Prep-6 Government 29.1km
Hayman Island State School Primary Prep-6 Government 32.8km
Bloomsbury State School Primary Prep-6 Government 47.2km
Townsville Flexible School - Bowen Campus Secondary Catholic 54.5km
Bowen State School Primary Prep-6 Government 55.0km
St Mary's Catholic School Primary Prep-6 Catholic 55.0km
Bowen State High School Secondary 7-12 Government 56.4km
Queens Beach State School Primary Prep-6 Government 58.6km
Merinda State School Primary Prep-6 Government 61.5km
Pindi Pindi State School Primary Prep-6 Government 65.2km
Calen District State College Combined Prep-12 Government 68.9km
Seaforth State School Primary Prep-6 Government 76.5km
Hampden State School Primary Prep-6 Government 90.0km
Collinsville State High School Secondary 7-12 Government 92.9km
Mirani State High School Secondary 7-12 Government 98.8km
Mackay Northern Beaches State High School Secondary 7-12 Government 100.3km
Carlisle Adventist College Combined Prep-12 Independent 103.7km
Pioneer State High School Secondary 7-12 Government 104.0km
Whitsunday Anglican School Combined Prep-12 Independent 104.1km
Holy Spirit College Secondary 7-12 Catholic 104.3km
Mackay North State High School Secondary 7-12 Government 105.6km
Mackay Christian College Combined Prep-12 Independent 105.9km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.