For Sale at 10% Net return $135,100 + GST
Lease Term: 5 years
Options: 2 x 5 years
Tenant: Sports power
Location: Adjacent Market Plaza ( Coles complex Emerald)
This commercial investment property forms part of a two storey premises constructed on a 1,477m freehold lot located at 160 Egerton Street at the eastern end of the Emerald Central Business Area and occupies the ground floor of the complex. The site is identified in the Town Zone Commercial Precinct under the current town plan.
The lot has a gross floor area of 605m comprising 79m of storage shed, 56m of verandah and 470m of retail/storage/amenities. The net floor area is 586m , Entire Lot Area 605m
Central Highlands Regional Council rates levied against this lot as a separate levy are apportioned at $3,000.
The property is situated at 160 Egerton Street, Emerald at the corner of Max Gorlick Drive approximately 500 metres east of the Emerald Central Business area. This prime site receives a great level of exposure from the street frontages and the adjoining Emerald Market Plaza' which comprises retail tenancies with the anchor tenant being Coles. The site has a significant advantage in relation to car parking with customers able to use on site parking plus parking provided for the adjoining Emerald Market Plaza Shopping Centre.
Emerald with a population of approximately 18,000 people is the main service centre for the Central Highlands region of Queensland, which is best known for its agricultural and coal mining industries. Most services are available in Emerald and Rockhampton is located approximately 270 kilometres to the east.
Services and Amenities
Town water, electricity, telephone, sewerage, council cleansing services are all available and connected to this property.
The subject property is located on a regular shaped corner parcel. The parent parcel has frontage to Max Gorlick Drive of 50 metres and frontage to Egerton Street of 28 metres. The land is near level in contour, at street level, providing a good building platform with fair local site drainage.
Construction components comprise:
Reinforced concrete footings
Reinforced concrete floors to both levels Heavy
RSJ beams and concrete piers supporting the upper floor
Brick external walls with the ground floor being double skin brick and the upper floor being brick veneer
Brick on the ground floor apart from the office and kitchenette area which comprises plasterboard.
Aluminium framed windows
Metal ceiling to the ground floor apart from office and kitchen which has suspended tiles.
All internal fit out is the property of the tenant. The lower level houses Sports Power which comprises a retail outlet, office, storeroom and kitchenette area.
3 evaporative air-conditioning systems and split system air-conditioning units.
Staffroom with single stainless steel sink in laminex floor and wall cupboards
Split system air-conditioning units
Unisex staff toilet suitable for disabled comprising pedestal, exhaust fan, separate powder room with hand basin, wall mirror, tiled floor and plasterboard walls and suspended ceiling.
Carpet floor coverings
Split System air-conditioning unit
Amenities with single toilet pedestal and ceramic handbasin.
Carparking accessed via Egerton Street located on Common Property
Colorbond storage shed of 79m used as storage for the Sports Power tenancy
The subject property currently provides a good standard of retail space and is in a good location in relation to exposure and receives benefit from pedestrian traffic from the adjoining shopping centre. Access and parking is ideal for a commercial property of this nature. There is a limited supply of similar product available for sale.
Call your Marketing Specialist Jason Campbell for further information. 0418 799 693