13 Gray Street, Hughenden QLD

For Sale

Retail

$295,000 - circa 10.3% net return

297m2

Fantastic entry level commercial investment - Foodworks Hughenden

The opportunity exists to secure this freehold investment property subject to a 5 + 5 year lease with Foodworks. The property is located on the main thoroughfare at the entrance to Hughenden.

Lease term: 5 years from settlement
Rental: $30,000 per annum net + GST
Options: 1 x 5 year option
All maintenance and repairs are the responsibility of the tenant.
Land area: 508 sqm approx.
Building area: 297 sqm approx.

Foodworks Hughenden is a quality tenant with successful operators for the past 9 years which was awarded convenience store of the year in 2013.

The Vendors will also consider offers to include the adjoining 2,021 sqm parcel of land fronting Moran Street.

Hughenden is located on the Flinders Highway, 376 kilometres west of Townsville. The region around Hughenden is a major centre for the grazing of sheep and cattle.

Hughenden is at the centre of Queensland's major expansion into renewable energy. A 20 mega watt, 60,000 panel solar farm was recently completed just east of the town centre. Another larger solar farm is presently under construction.

The $160 Million Kennedy Energy Park project is also under construction and includes twelve 200 metre high wind turbines which will generate 60 mega watts of power into the existing Ergon Energy network.

There is also a $5 million recreation lake being constructed only 200 metres away from this property which will only benefit the businesses profitability and the land value. With the soon to be completed Hahn Highway and 62 acre lake, the town is set for growth and a vibrant weekend economy.

For more information or to arrange an inspection, please contact Troy Townsend or Alison Vohland.