31 Blackwood Street,
Mitchelton, QLD 4053

The property is first time offered for sale in 40 years, situated in the busy and tightly held Mitchelton Retail Precinct which is only 9 km north-west of Brisbane CBD. This is a very rare investment opportunity in the growing Mitchelton for Owner Occupiers, Investors or Developers.

Property Highlights:

• Free-standing solid brick commercial building
• Situated in the busy Mitchelton Retail Precinct
• Only 9 kms from Brisbane CBD
• Major Centre Zoning
• Commercial Re-development Potential to Maximum of 5 levels (STCA)
• Land area 822 sqm rectangular site. High underlying Land value.
• Building area of 174 sqm (approx.) configurated into 2 shops @ 87sqm (see floor plan)
• Each shop with separate street front entrance, rear access and toilet facilities
• Both shops are air-conditioned
• Ample space for on-site parking at rear
• Walking distance to Mitchelton train station and bus stop near shop front
• Neighbouring with array of restaurants, health & wellbeing options and modern conveniences in the Mitchelton Retail Precinct, only 700M to Brookside Shopping Centre and 1.3M to Terala Park.

Current Tenancy:
• Shop 1: Leased until 16/5/2027 with rental $42,000 per annum excluding GST
• Shop 2: Advertising for lease, suitable for a small retail business such as hair dressing, beauty, vet, solicitor, accounting or any other consultancy business.

Outgoings:
Council rates: $2,600 per quarter by owner
Building insurance: Approx $4,700 per year by owner
Electricity: bear by tenants
Water and Sewerage: bear by tenants
Grease Trap: bear by tenants
NO BODY CORP / COMMERCIAL MANANGEMENT FEES

Versatile Options for owner:
• Run your own business in one shop and rent out the other for extra income
• Rent out both shops to enjoy dual income streams
• Demolish and re-develop to modern Commercial Building (STCA)


Contact Exclusive Agent Ronnie Lo @ 0433 575 3... for inspection and submit your best offer.


Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties must instead satisfy themselves by inspection and obtain their own legal/professional advice.