Price Reduction - Solid Yield - Attractive Fully Leased Investment Property

Secure a quality Commercial Investment in Gordonvale's busy local shopping district.<br />
<br />
Gross Floor Area 237sqm + 140sqm rear private courtyard<br />
<br />
3 tenancies in total including a NAB ATM, 3-5 years lease terms<br />
<br />
Well located commercial / retail building constructed in 1992 in a prime location which has been occupied by the National Australia Bank since construction until 2024. <br />
<br />
Modern internal facilities, ducted and new split air conditioning, prominent signage, internal toilets and kitchen. <br />
<br />
Total Income - $81636 pa + gst ( tenants pay all outgoings) <br />
<br />
Property has shown good rental growth over last 10 years<br />
<br />
For further information contact Scott Green scottgreen@atrealty.com.au <br />
<br />
<br />
<br />
LOCAL BUSINESS GROWTH<br />
Over the past 2 years there has been a lot of positive growth in Gordonvale, with the new police station, fire brigade and ambulance. The town hub is Norman and Gordon Streets, with steady leasing growth of boutique shops, cafes and local businesses. The Hedley Group secured 3 hotels in township and redeveloped the sites into contemporary up-market venues, including accommodation which has strengthened the town centre.<br />
<br />
FACTS<br />
- Gordonvale has grown in population by 77% in past 20 years<br />
- A population of 9264 in 2018 with a 2.1% annual growth<br />
- Estimated population of 9860 in 2021<br />
- Gordonvale and Babinda District have a higher population than the Douglas Shire Council<br />
- 5 Schools in Gordonvale<br />
<br />
THE COMMUNITY AND SPORTING HUBS<br />
- Alley Park Sporting Precinct<br />
- Annual Pyramid Race Festival - crowds of over 2,000+<br />
- Gordonvale Turf Club hold 2 big race meetings per year, attracting crowds of 3,000+<br />
- Gordonvale Cottage markets held each month<br />
- The Greenpatch Reserve along the banks of the Mulgrave River provides 40 campsites, brand new amenities block with toilets, hot showers, disabled access, potable water, picnic shelters and BBQ’s<br />
- Construction of a “heritage trail” linking Greenpatch Campground to Norman Park in Gordonvale, showcasing the culture and heritage of the area through interpretive signage, landscaping and furnishings along the new 2.5m wide concrete pathway.<br />
- Mill Gardens will feature attractive landscaping, seating, pathways and a viewing area over the Mulgrave Mill, with interpretive signage of history of the Mill and the sugar production process<br />
<br />
GORDONVALE DEVELOPMENTS<br />
- Gordonvale Woolworths Development 32060m2 Supermarket and 900m2 Specialty Retail Stores<br />
- Aged Care Facility – Draper Road 3.7 ha<br />
- Tourism Information Centre proposed for the Corner Norman and Cannon Streets<br />
<br />
GORDONVALE BRUCE HIGHWAY UPGRADE<br />
The E2G project involves a 10.5km upgrade and duplication of the Bruce Highway between Edmonton and Gordonvale – the Far North’s biggest road project. https://www.tmr.qld.gov.au/projects/Bruce-Highway-Cairns-Southern-Access-Corridor-Stage-3-Edmonton-to-Gordonvale<br />
This highway will improve traffic flow, increase the speed limit to 100 kilometres per hour and create a safer and more efficient Bruce Highway for the future.<br />
Estimated travel time to from Gordonvale to Cairns of 15mins<br />
A dedicated cycleway all the way from Gordonvale into the heart of the Cairns CBD.<br />
The approved pedestrian overpass south of Draper Road linking Alley Park and Kenrick Park on the<br />
A new pedestrian overpass south of Draper Road, a new pedestrian overpass north of Draper Road and pedestrian path on the Bruce Highway road overpass south of Maitland Road.