1/34 Macrossan Street, Port Douglas, Queensland, 4877

  • 116 sqm

For sale

$700,000

Macrossan Street Commercial shop 8.3% return

Investors take note!! Expand your property portfolio with this tenanted commercial property positioned on Macrossan Street in Port Douglas its a must consider.

Occupied by established and long-time recognised local trader Meraki & Co incorporating all things beauty into one location hair & beauty, gifts and homewares specialising in weddings; the property is now offered for sale with the existing lease maturing May 2021 with a further 5-year option remaining on the lease. The current passing income is $58,641.35 per net annum, with the tenant responsible for 100% of outgoings.

Positioned right in the heart of the commercial shopping precinct and one of only 3 shops in the complex on the main street positioned beneath the Le Cher Du Monde holiday apartment complex, it is truly a stellar location in every sense. This versatile and ideally located commercial property ticks all the boxes of a sound investment for today and the future.

Where rainforest meets the reef, Port Douglas is a popular holiday destination for domestic and international travellers. Macrossan Street being the main street is highly trafficked due to its proximity to accommodation, clothing and souvenir boutiques making this property an ideal investment.

Highlights

High Profile main street position

Established tenant Meraki & Co

Lease expiring May 2021 + 5 yr option

Net lease $58,640 p.a., tenant pays all outgoings

116m2* Strata Lot

TenantedNo

Property Info:

  • Property ID: L490473
  • Property Type: Retail
  • Building / Floor Area: 116 sqm

We Know Your Area

R&H Suburb Profile: Port Douglas

R&H Suburb Summary Houses
Number of sales 50
Average Price $856,420
Median Price $607,500
Median Rental Price $498 p.w.
Change in Rental Rate (5yr) 13 %
R&H Suburb Summary Units
Number of sales 199
Average Price $308,457
Median Price $228,000
Median Rental Price $360 p.w.
Change in Rental Rate (5yr) 13 %
Port Douglas, QLD - Median Trend
  • 1/34 Macrossan Street, Port Douglas,
    Queensland, 4877