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Freehold Commercial Premises in Town CentreProperty ID 1512137This 1012 sqm, freehold commercial site is prime real estate with street frontage, centrally located in the heart of Port Douglas on Macrossan Street.
The building is a two story dwelling consisting of 216 sqm retail premises downstairs and 230 sqm accommodation premises upstairs. Street access to rear car parking plus a small out building. Mature trees and shrubs line rear boundary.
Freehold properties are rare commodities in Macrossan St. and this property will attract attention. Many will consider it as an ideal medium term investment with reliable rental income & capitol gain potential. In addition,freehold tenure allows a number of options to be considered in the future without the complications of Strata Title Ownership.
The premises currently contains two tenants. Downstairs the retail shop lease is in place until 2020 with two 5 year options. The tenant is a long term retailer in Port Douglas and an excellent trader. Upstairs a well established Motel/Backpacker Accommodation lease is currently in place at 2 years tenure with a further 2 year option.