2 Fairymead Road

Bundaberg North QLD 4670

895 m²

House

Currently for sale - view listing

Overview

SECURE PASSIVE INCOME HERE- LEASED COMMERCIAL and RESI PROPERTY WITH STRONG RETURN

On offer here is a secure commercial investment property with a long-term lease in place with a tenant, providing you a strong return and likely capital gain over the long term. Positioned on an 895m² corner block with access from two streets, this freehold property offers a rare dual-use setup: a commercial premises downstairs and a self-contained residential unit upstairs. Currently leased for $52,000 per year, the tenant also pays power and public liability, with the landlord covering council rates and building insurance. The lease is in place on a 3-year term with 3 + 3-year options, offering security and immediate return. The commercial space is a fully equipped, operating food takeaway business, with a commercial kitchen, indoor and outdoor dining areas, and high-exposure street frontage. The upper level of the building consists of a residential unit offering two bedrooms, a bathroom, kitchen, and living area, accessed separately from outside. The location is just 3 minutes from the Bundaberg CBD and is surrounded by residential homes, a modern childcare centre, state primary school, state high school, botanical gardens and more. Contact Tim McCollum on 0427 523 088 or Tara Bedford on 0499 656 985 today to arrange an inspection! TENANCY DETAILS • Rental income: $52,000/year • Lease terms: 3-year lease with 3 + 3-year options • Outgoings: Tenant pays power & public liability; landlord pays rates & building insurance SETUP • Operating takeaway premises downstairs. • 2-bedroom residential unit upstairs. • Courtyard dining • 1 carport & 3 lock up garages • 2 x storerooms/mancaves • Minimal local business competition LAND • Size: 895m2 corner block with dual access • Fully fenced with gates to both sides • Town water: yes • Town sewerage: yes • Council rates: $4300 per half year approx. • Situated high and dry, above the council flood hazard areas. AGENT Tim McCollum 0427 523 088 The information provided is for use as an estimate only and potential purchasers should make their own inquiries to satisfy themselves of any matters.