Executive Summary

Address

12 Melton Street Biloela QLD

Title Particulars

L426 B74433

Land Area

296sqm

Building Size

187.1sqm

Zoning

Shops - Main Retails (Central Business District)

Lease Details

Shop 1:

- Hair Salon

- Monthly Rent: $830 per month (GST not applicable)

- Lease: Periodic

- Sqm Underroof: 48.18m²approx.

Shop 2:

- Massage and Kinesiology

- Monthly Rent: $1,052.55 per month (GST not applicable)

- Lease: Periodic

- Sqm Underroof: 66m²approx.

Shop 3:

- Insurance Brokers

- Monthly Rent: $1200 per month (GST not applicable)

- Lease: 3 year lease with 3% annual rises (Lease end date 04/04/2027)

- Sqm Underroof: 73m²approx.

Approximate Return

9.02% gross

Outgoings

Rates: $4035 per half year approx.

Insurance: $3735 per year approx.

Method of Sale

Private Treaty - $410,000

Property Details

12 Melton Street, Biloela

PROPERTY TYPE

Retail

LAND AREA

296 sqm

FLOOR AREA

187.1 sqm

$410,000

9.02% GROSS RETURN - MULTI TENANTED ALL AT AFFORDABLE RENTAL AMOUNTS Located in a sought-after area of town, 12 Melton Street boasts a prime location next to Drakes Supermarket, directly across from the Biloela Library and Church. Divided into three separate shops with a total underroof area of 187.18m2 approx., this versatile premises offers endless potential for investors or business owners alike. Each shop has 2 toilets and plenty of client parking directly out the front of the premises. There are 3 parking spaces at the rear of the property.
Current tenants include insurance, health and beauty services, showcasing the diverse range of possibilities for this space.
Shop 1:
- Hair Salon
- Monthly Rent: $830.00 per month (GST not applicable)
- Lease: Periodic

- Sqm Under roof: 48.18m2 approx.
Shop 2:
- Massage and Kinesiology

- Monthly Rent: $1,052.55 per month (GST not applicable)
- Lease: Periodic

- Sqm Under roof: 66m2 approx.
Shop 3:
- Insurance Brokers
- Monthly Rent: $1200.00 per month (GST not applicable)
- Lease: 3 year + 3 year options with 3% rises annually
- Sqm Under roof: 73m2 approx.
With its strategic location and established tenancy, 12 Melton Street presents a lucrative investment opportunity. Don't miss your chance to capitalise on this prime commercial space in the heart of Biloela. Contact us today for further details and to arrange a viewing.
Council Rates: $4,035 per half year approx.
Insurance: $3,735 per year approx. (due for renewal September 2024)

Key Features

Well located shopfront

Excellent Parking

Modern Office Fit-out

Excellent Amenities

Airconditioning

Increasing Returns

Location

Image Gallery

Floorplan

Download Floor Plan

Sale/Leasing Method

This property is being sold by private treaty

Your Agents

Ross Munroe

Principal/Auctioneer/Sales Consultant

0488 923 367

ross@firstnationalbiloela.com.au

After joining the Real Estate profession in May 1993, I set out to become the preferred agent for Biloela Property Sellers and Buyers in the Biloela region. 30 plus years later and I have been fortunate to experience many different markets including the boom markets of 2006-2009. We joined the First National Real Estate Group back in 2000 and have enjoyed all the benefits of a nationally recognised brand along with wonderful support in the marketing of properties through the very best websites and database marketing systems available.

“Why choose Ross Munroe to manage the sale of your property”

Because Ross can guarantee you the Client, that he has your best interest in mind at all times and with more Real Estate experience than any other local agent, you know you have made the right choice.

Experience-In excess of 30 years serving Biloela Sellers and Buyers

Local knowledge- Lived in Biloela since 1965

Qualifications- Licensee of First National Biloela since 2000

-Licensed Auctioneer since 2005

-Accredited member of the REIQ.

-Grew the existing First National Rental department from 0-400 properties.

Specialising in –Residential - Commercial and Rural Properties.

Best Achievement- Marrying my wife Annette and raising 2 daughters and 1 son.

Disclaimer

All information contained herein is from noted sources deemed reliable, however First National Commercial does not represent or warrant the accuracy of any information contained in this document and purchasers should make their own enquiries. First National Commercial advises that the financial information in this report relating to income, outgoings and the like is provided without reference to the possible impact of GST, if any. Purchasers should make their own assessment of the impact of GST after obtaining expert professional advice.