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3 Bedroom House and Business Development Opportunity

Allora, 41 Herbert Street

$435,000 No GST

Listing Number: QCK3524
About this listing
Tenanted by Allora Motors until February 2020, this property has potential for future development on a corner block in the main street of town. Zoned as Town Centre-Industry there is potential to future develop this site or continue with leasing with a solid income. The building has a separate showroom adjoining the house and the total warehouse and showroom area of 348m2. The 3 bedroom house is comfortable and is leased with the mechanical workshop showing approximately a 7% return. This property would suit a car or motor bike collector to display and sell cars and motor bikes under cover and with car parking at the front of the property also.
Allora is a prosperous friendly town with an IGA store, medical centre, newsagent, hotels, hardware, coffee shops, bowls and golf club and many community groups.
Property Information
  • Land Size: 2023 sqm
  • Property Type: Warehouse, Carpark, Office
  • Floor Area
    • Showroom Square Metres: 120
    • Warehouse Square Metres: 348
  • Property Features: 3 Bedroom Home, showroom, lock up large storeroom and workshop
  • Parking
    • Carparks: 10
    • Covered Carparks: 10
  • Property Details: Tenanted Investment
  • Commercial information
    • Zone: Business or Centre light industrial
  • Tenure: Fee Simple
  • Tenancy 1: Area Sqm: 348, Commencement Date: 25 May 2019, Expiry Date: 21 February 2020, Rental net/gross p.a.: 31000, Tenant Name: Andrew Quirk, Term (years): 6 Months
  • Tenancy 2: Commencement Date: 25 May 2019, Expiry Date: 21 February 2020, Rental net/gross p.a.: 31200, Tenant Name: Andrew Quirk

Contact Details

67 King Street
Clifton

Property Location

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