- 83 High Street, Maryborough
- 460 square metres
- $420,000
- Agent: John Stevenson
- Contact: 0422 659 385
- Inspect: By appointment
This business is fully leased to three secure tenants and shows a total return of $34,000 per annum plus GST.
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Investors will therefore be pleased with the current eight per cent return on their investment, particularly in light of current bank term deposit rates.
Its prominent position means there is plenty of foot traffic, while the two street frontages have huge display windows directly overlooking High and Clarendon Streets, creating terrific advertising opportunities for the business's tenants.
Maryborough continues to experience strong growth in the residential sector with buyers moving from Melbourne, and is a huge regional catchment area for people coming to town to do their weekly shopping.
This makes it a retail precinct with great future upside potential and an investment opportunity that ticks all the boxes.
It is zoned Commercial 1 and shows a considerably strong future in this main thoroughfare, rubbing shoulders with some other major retail players in Maryborough, including Telstra, Target Country, Bull and Mouth Hotel, Décor Room, and Daily Dose Café Wine Bar.