FOR SALE
For Sale

1664 Shute Harbour Road
Cannon Valley QLD 4800

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 6672m2
Land area: 6672m2
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A Commercial Property with a Balance Land is Available For Sale.

The lot is strategically located with a 90m frontage on the main arterial Shute Harbour Road, which serves as the entrance to the growing and thriving Whitsunday Region, providing high visibility for the property.
Lot 1 on SP 165637 is 699 sqm, has a leased Showroom and Warehouse to the anchor tenant, Rewards Hospitality.
Lot 2 on SP 165637 is 195 sqm, has 10 Storage Sheds each with a size of 17.5 sqm, leased to various tenants on medium-term agreements.
The balance land, which is developed with a leased Warehouse storage shed to Rewards Hospitality, comprises the common property, and it has a size of 5,778 sqm.
The property is being sold as one line, and the buyer, as the owner of both lots, will have the opportunity to modify the body corporate structure to allow future development of the common property balance land.
Rewards Hospitality, a subsidiary of the ECF Group, is the anchor tenant that has been operating for over 35 years and has 26 locations across Australia. Rewards Hospitality provides services to various regions, including the Whitsunday Islands, Airlie Beach, Proserpine, Bowen, Collinsville, and the greater Bowen Basin region. The current lease agreement with Rewards Hospitality is for five years, expiring on 39 September 2025, with three options of three years each.
The property also includes 10 storage sheds, which are mostly leased for long term agreements and are easy to manage.
$167,000 Net p/a Return With Potential For Further Development.
The property is zoned as Low Impact Industrial, and it consists of two separate freehold lots and common property, which are presently configured as a small body corporate.
An Information Memorandum is available upon request. For further details, contact Brett Dwyer at 0447 583 759 or brett.dwyer@raywhite.com.

Property Details for 1664 Shute Harbour Rd, Cannon Valley

Building Type
Commercial
Floor Size
6672m2
Land Size
6672m2

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About Cannon Valley 4800

The size of Cannon Valley is approximately 16.8 square kilometres. It has 6 parks covering nearly 1.8% of total area. The population of Cannon Valley in 2011 was 465 people. By 2016 the population was 950 showing a population growth of 104.3% in the area during that time. The predominant age group in Cannon Valley is 0-9 years. Households in Cannon Valley are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Cannon Valley work in a trades occupation. In 2011, 81% of the homes in Cannon Valley were owner-occupied compared with 70.3% in 2016.

Cannon Valley has 644 properties. Over the last 5 years, Houses in Cannon Valley have seen a 82.86% increase in median value. As at 31 October 2024:

  • The median value for Houses in Cannon Valley is $914,151 while the median value for Units is $725,016.
  • Houses have a median rent of $810.
There are currently 6 properties listed for sale, and no properties listed for rent in Cannon valley on OnTheHouse. According to CoreLogic's data, 47 properties were sold in the past 12 months in Cannon valley.

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Brett Dwyer
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Ray White Whitsunday
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