Buy this freehold property in Port Douglas with a guaranteed 5% return from the existing restaurant tenants, plus enjoy a free two-bedroom flat to live in upstairs!
Situated just across from iconic Four Mile Beach, with beach and sea views, The Beach Shack has been home to one of Port’s most popular local and visitor restaurants for over 20 years.
This is a genuinely unique opportunity to purchase a 900 sq m corner block surrounded by Port Douglas’s fastest growing suburbs.
- On a prime corner block directly across the road from Four Mile Beach
- Restaurant, pizzeria and bar downstairs
- Two bedroom apartment upstairs
Multiple Potential Income streams:
- Rent from the restaurant owners – is guaranteed at 5% (+GST) of total sale price.
- Rent for the 2 bedroom flat – approx. $12,000pa
Or live the tropical dream – reside upstairs and dine in the restaurant below… come rain, hail or pandemic!!!
|R&H Suburb Summary||Houses|
|Number of sales||44|
|Median Rental Price||$550 p.w.|
|Change in Rental Rate (5yr)||15 %|
|R&H Suburb Summary||Units|
|Number of sales||221|
|Median Rental Price||$340 p.w.|
|Change in Rental Rate (5yr)||6 %|