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

Auctioneer/Sales Manager

0488 923 367

ross@firstnationalbiloela.com.au

With more than 32 years of real estate experience in the Biloela region, Ross Munroe has built a reputation as one of the area’s most trusted and knowledgeable property professionals. Having lived in Biloela since 1965 and specialising across residential, commercial and rural sales, Ross brings unmatched local insight to every transaction. After many years as the business owner, he now leads the team as Sales Manager at First National Biloela, continuing his commitment to providing exceptional service and always acting in the best interests of his clients.

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.