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SOLD

70 Kariboe Street, Biloela, QLD, 4715

Properties / Sold / Queensland / Biloela

Tenanted Investment

1. Property Summary

Selling Method

For Sale

Selling Details

$495,000

Land Area

379 m² (*approx)

Floor Area

295 m² (*approx)

Property Type

Retail, Offices

Terms

Current lease expires 31/1/2026

Est. Income

$61,800 p/a

Fully Leased

ANZ bank

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2. Property Highlights

12%* Gross Return - Fully Leased Investment

With a high profile national tenant this fully leased investment offers a suburb entry level commercial property opportunity. Located in the heart of the Biloela CBD, the building sits on an corner site with high profile to Kariboe Street.

• Current rent $61,800pa*^ excluding GST

• Current lease expires 31/1/2026

• Two (2) further two (2) year options

• 3% annual increases

• Tenanted to ANZ bank

• Prominent corner site

• Surrounded by local government, service businesses and other major banks

*Approx

^As at February 2024

Remember to mention you found this property on CommercialReady

Property Type

Retail, Offices

Est. Income

$61,800 p/a

Tenant

ANZ bank

Terms

Current lease expires 31/1/2026

Land Area

379 m² (*approx)

Floor Area

295 m² (*approx)

Selling Method

For Sale

Selling Details

$495,000

2. Property Highlights

12%* Gross Return - Fully Leased Investment

• Current rent $61,800pa*^ excluding GST

• Current lease expires 31/1/2026

• Two (2) further two (2) year options

• 3% annual increases

• Tenanted to ANZ bank

• Prominent corner site

• Surrounded by local government, service businesses and other major banks

*Approx

^As at February 2024

Remember to mention you found this property on CommercialReady

70 Kariboe Street, Biloela, QLD, 4715 Biloela

Ray White - Gladstone

35 Tank Street Gladstone Central Qld 4680

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Andrew Allen

+61 *** *** *** show +61 408 799 585

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

70 Kariboe Street, Biloela, QLD, 4715