If you are one of the 1.6 million tourists that visit Eumundi every year you would have walked right past this iconic investment property that has just become available!
Ideally set in the main street beside the Post Office and over the road from the renowned Eumundi Markets sits this 1619m2 investment property that includes a Restaurant, gorgeous renovated home and retail shop too.
The Bohemian Bungalow Restaurant and Bar (Boho as it is known to locals) has become almost as famous as the markets. With its trendy, eclectic and vibrant vibe, its no wonder this business generates such a great income for the owners of this property. Approx 300m2 - 174m2 internal / 150m2 external this renovated restaurant caters to the locals, visitors, wedding parties and functions alike.
Historic Caplick homestead is Eumundis first home. Circa 1900 this beautifully renovated two story 4 bedroom home also sits on the property. It features high ceilings, character filled timber floors and timber deck to unwind on as the sun goes down behind the hills. It is set well off of the road and with not a thing to do, you can move straight in and soak up the easy-going vibe this town exudes.
The retail shop, once again ideally positioned on the main street, has a long term tenant with a very successful business that is packed from wall to wall with customers every market day.
Various possibilities exist with this property. You could live on site and enjoy the income of the front two properties; however the current owners choose to lease all three components, the restaurant/bar, the retail shop and the house to different tenants and by so doing it provides them with an annual income of almost $120,000. With banks offering next to nothing and with recent falls in the volatile share market, approx. 6.5% ROI is fantastic without even considering the capital growth this growing town looks forward to.
It's extraordinary to have available a large site of this quality right in the middle of the famous market town. Set 20 minutes to Noosa, 30 minutes to the Sunny Coast CBD and just over an hour to Brisbane this property is so close to the hustle and bustle of it all yet so far removed from the stress and daily grind. For more information and to inspect, contact Nathan Nicholl or Tyson Bauer of Nicholl & Young Property.
