Description

Featuring a shopfront and workshop of solid block construction with 20.5 metre of excellent street frontage which gives good egress and regress, 34 Scotland Street sits on one of the most trafficked locations in Bundaberg.

The 951m2 block comprises a shop space of 257-265 sqm (please note that the lettable area is 233m2 on the advice of the bank valuer's measurements) with an extra double bay garage sitting to the rear which gives you an extra 35sqm.

The main building has a great showroom with a serving counter that has all been freshly painted and outfitted by the current tenant who is keen to stay on.

An added bonus of a workshop to the rear of the building with 2 roller doors and a personal door.

Other features include:

Double lock up garage to the rear
Toilet facilities with a disabled toilet on site
Off-road parking to the front and rear
Fully asphalted front and rear yards.

Current tenant has just renewed another 3 year lease beginning September 1, 2022, paying $30,120 per annum (Including GST) with annual increases linked to CPI.

Rates: $5,970 per annum
Insurance: $1,010.56
With total outgoing expenses being $6,980 per year, this is a superb blue chip investment.
Outgoings are paid for by the landlord except for 100% of water usage and trade waste.

Call Exclusive Listing Agent Greg McMahon on 0414 518 315 for a private inspection.