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Retail

52 Mary Street Gympie, QLD 4570

Sold for $433,333 on 17 Sep 2024
  • Building: 90-190m²
  • Land: 610m²
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Retail in Gympie

Unique sale or lease opportunity in premiere retail strip

  • Building: 90-190m²
  • Land: 610m²
Additional Information:
More Info

FOR SALE (52 & 54 Mary Street) AND LEASE (54 Mary Street only)

Your chance to own two adjacent retail stores on Gympie's most popular retail street. One has an established tenant until November 2025. The other will be vacant from August 2024 with the option to continue collecting rent until December 2024, take vacant possession, or lease to a new tenant.

The top end of Mary Street is tightly held due to higher elevation and opportunities like this do not come up often.

THE OPPORTUNITY

Ray White Commercial Northern Corridor Group is pleased to present to the market 52-54 Mary Street, Gympie for sale.

Offered to the market for the first time in 30 years, this incredible investment has ample development potential and investment upside. This is one of Gympie's best commercial opportunities.

INVESTMENT
• Secured Income To November 2025 - 52 Mary Street
• Secured Income To December 2024 - 54 Mary Street (vacant from August 2024)
• 610m2 block with parking at rear of property
• 190m2 NLA
• $43,580* Net Income

LOCATION
• Situated on Gympie's premiere retail strip, on the high end of Mary Street
• High level foot and vehicle traffic
• 700m* to Goldfields Shopping Plaza & Cinemas
• 1.4km* to Gympie Hospital
• 1.6km* to Bruce Highway

TENANTS
• 52 - Pina Colada
• 54 - Better Homes & Gardens Real Estate Gympie. Vacating August 2024, lease end December 31 2024.

54 MARY STREET FOR LEASE

  • Vacant from August 2024
  • $27,000 pa + GST & Outgoings
  • Parking at rear
  • Suitable for a range of retail and consulting/medical businesses
  • 90m²*

Must be sold together. For more information or to arrange an inspection please contact agents Cory Hoy or Fraser Martin

* Indicative

Building:

90 - 190m²

Land:

610m² / 0.15 acres

Tenancy:

Tenanted

Categories:

Retail, Offices

Additional Information:
More Info
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Investment Information

Tenancy Status:

Partially Tenanted

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield:

N/A (Marketed Without Price)

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

52 Mary Street, Gympie, QLD 4570