|
Description: Blue-Chip Commercial Investment with Two Established Tenancies in Kingaroy CBD
Positioned within one of Kingaroy's most tightly held commercial precincts, this outstanding freehold property presents an exceptional opportunity to secure a quality investment with two established retail tenancies and a reliable income stream in the heart of the CBD.
Occupying a prominent main street location with dual access from both Kingaroy Street and Circular Place, the property offers excellent exposure, outstanding accessibility and convenient customer parking, with additional Council parking available at the rear.
Property Features
Land Area: 475m²
Local Authority: South Burnett Regional Council
Primary Land Use: Shopping Group 2 (2-6 Shops)
Zoning: Business
Dual street frontage with access from Kingaroy Street and Circular Place
Front and rear access to both retail premises
Excellent exposure to both pedestrian and vehicle traffic
Rear Council car park providing convenient customer parking
Tenancy Details
1. 197 Kingaroy Street
Currently leased to a long-established bakery.
Lease expires 6 August 2027
Current rental: $24,458.18 + GST per annum
Tenant pays 50% of outgoings
Scheduled 4% rental increase due September 2026 ($25,436.52) plus gst
2. 199 Kingaroy Street, Kingaroy
Home to a popular café with the added benefit of outdoor footpath dining.
Lease expires 28 February 2029
Current rental: 20,648.73 + GST per annum
Tenant pays 50% of outgoings
Scheduled 4% rental increase due March 2027 ($21,474.74) plus gst
Prime CBD Location
Located in the centre of Kingaroy's thriving business district, this property enjoys outstanding visibility and consistent passing foot and vehicle traffic. The recent Kingaroy CBD revitalisation has further enhanced the streetscape, creating an attractive destination for shoppers, diners and visitors while strengthening the long-term appeal of commercial property in the precinct.
Commercial investments of this calibre are rarely offered for sale in such a tightly held location. With secure leases, quality tenants and future rental growth already built into the income stream, this is an excellent opportunity for investors seeking a well-positioned commercial asset with strong long-term potential.
Contact the exclusive listing agent today to arrange an inspection. .
|
Click here to format this page for printing
