68 Denham Street,
Rockhampton City, QLD 4700
Shops & Retail
Price information
Sale
$950,000
Key property information
Land area
Floor area
Private inspections
to arrange a private inspection.
Map of 68 Denham Street
Train stations within 5 km of 68 Denham Street, Rockhampton City, QLD 4700 Distance Rockhampton 1.2 km POWERED BY HERE ©Bus stops within 5 km of 68 Denham Street, Rockhampton City, QLD 4700 Distance Denham St Near Bolsover St 350 m Murray St Near Denham St 406 m Bolsover Street 433 m Derby St Near Alma St 527 m William St Near East St 529 m POWERED BY HERE ©
POWERED BY HERE ©
PRIME COMMERCIAL & RESIDENTIAL INVESTMENT OPPORTUNITY!
Unlock the potential of 68 Denham Street, Rockhampton City – a rare gem offering a blend of history, thriving businesses, and a promising future. Priced at $950,000, this property is the savvy investor's dream! presenting a unique blend of 2 commercial spaces and 3 residential units.
PROPERTY HIGHLIGHTS:
Location, Location, Location: Situated in the heart of Rockhampton City, this property spans two lots, providing a canvas for untapped potential. The ambiance and proven successful location make it a sought-after investment.
Birdies Cafe - A Local Icon: The café space, formerly known as "The Wild Parrot," has been a local favourite for decades. Under its new guise, "Birdies Cafe," it continues to thrive, ensuring a steady income stream for the savvy investor.
Commercial Shop 3 & Residential Apartment: This dual-purpose space offers a combined income of $53,028.60 p/a. Lease term: 3 years, plus 3 year option commenced 01/03/2023, with annual CPI increases, presenting stability and potential for growth.
Commercial Shop 2 - "Feathers on Denham": Secure your investment with this commercial space generating $20,550.00 p/a. Lease term: 3 years, plus 3 year option commenced 01/03/2023, with annual CPI increases, ensuring a consistent return.
Residential Units:
2 Bedroom Unit 2: Currently fetching $300 p/w being $15,600 p/a, fixed until 08/03/2025.
Studio Unit 1: Potential rental income of $280 per week, as appraised by our residential rental department.
INVESTMENT BREAKDOWN:
Total Income: $103,218.60 p/a
Outgoings: Council rates $8,600 p/a, water rates average $1,400 p/a, building insurance $5,500 p/a, totalling $15,500 p/a.
Nett Return After Outgoings: $88,238.60 p/a
Nett Return Rate: 9.29%
Gross Return Rate: 10.92%
Proven Success: magnificent successful location with a popular café and steady rental income with long term tenants already in place.
Double Lot Potential: Offering future development possibilities.
Financial Stability: Impressive nett and gross returns, with a promising outlook.
Seize this opportunity now, as owner is serious about selling and instructions are clear “all reasonable offers will be seriously considered”!
PROPERTY HIGHLIGHTS:
Location, Location, Location: Situated in the heart of Rockhampton City, this property spans two lots, providing a canvas for untapped potential. The ambiance and proven successful location make it a sought-after investment.
Birdies Cafe - A Local Icon: The café space, formerly known as "The Wild Parrot," has been a local favourite for decades. Under its new guise, "Birdies Cafe," it continues to thrive, ensuring a steady income stream for the savvy investor.
Commercial Shop 3 & Residential Apartment: This dual-purpose space offers a combined income of $53,028.60 p/a. Lease term: 3 years, plus 3 year option commenced 01/03/2023, with annual CPI increases, presenting stability and potential for growth.
Commercial Shop 2 - "Feathers on Denham": Secure your investment with this commercial space generating $20,550.00 p/a. Lease term: 3 years, plus 3 year option commenced 01/03/2023, with annual CPI increases, ensuring a consistent return.
Residential Units:
2 Bedroom Unit 2: Currently fetching $300 p/w being $15,600 p/a, fixed until 08/03/2025.
Studio Unit 1: Potential rental income of $280 per week, as appraised by our residential rental department.
INVESTMENT BREAKDOWN:
Total Income: $103,218.60 p/a
Outgoings: Council rates $8,600 p/a, water rates average $1,400 p/a, building insurance $5,500 p/a, totalling $15,500 p/a.
Nett Return After Outgoings: $88,238.60 p/a
Nett Return Rate: 9.29%
Gross Return Rate: 10.92%
Proven Success: magnificent successful location with a popular café and steady rental income with long term tenants already in place.
Double Lot Potential: Offering future development possibilities.
Financial Stability: Impressive nett and gross returns, with a promising outlook.
Seize this opportunity now, as owner is serious about selling and instructions are clear “all reasonable offers will be seriously considered”!
Explore property virtually
If you'd like to inspect this property in person, please to arrange a private inspection.
Property ID: 504484916Last Updated: 28 Jun 2024
04149830...
68 Denham Street
Rockhampton City, QLD 4700
Mr Real Estate - Rockhampton5/235 Musgrave Street
BERSERKER, QLD 4701
BERSERKER, QLD 4701
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