FOR SALE
For Sale by Auction 2nd August 2024

204 John Street
Maryborough QLD 4650

Bedrooms: -
Bathrooms: -
Car spaces: 7
Floor area: 198m2
Land area: 860m2
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Auction Time
Fri 2 Aug 10:00 am
Inspection Times
No upcoming inspections scheduled.
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CUP-SIZED INVESTMENT WITH NEW FIVE (5) YEAR LEASE

RWC Gateway as the exclusive selling agents are pleased to present to the market, 204 John Street, Maryborough. The property has excellent exposure on a busy corner location which connects Maryborough to Hervey Bay and features a brand new 5-year triple net lease until 2029 plus options to 2039. The property is being marketed For Sale via Auction on the 2nd August 2024 at 10:00 am in rooms, Level 26, 111 Eagle Street, Brisbane City.
This opportunity has the following key investment highlights:
• Decade retail operator with 6 x QLD stores
• 860SQM freehold exposure on busy State Road 57 connector to Hervey Bay
• 198SQM upgraded drive-thru convenience retail with on-site parking.
• 3 minutes from Maryborough town centre, a major activity and employment node home to Bunnings, Woolworths, Coles, Aldi, BigW, Dan Murphys, GyG, McDonalds, KFC, 7-Eleven
• Maryborough, Central hub of the Fraser Coast $4.79 billion economy, 25% forecast population growth to 2041, strong industrial, energy and resources industries, new $4.6B Downer Queensland Train Manufacturing Program.
• Fraser Coast, trade catchment 107,000+ & 4.3 million visitors annually, experiencing significant population growth.
• Flood free site (Fraser Council)
• Net Income: $63,600 pa + GST until 31/03/2029 with 2x5 year options to 2039
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Property Details for 204 John St, Maryborough

Building Type
Commercial
Floor Size
198m2
Land Size
860m2

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About Maryborough 4650

The size of Maryborough is approximately 26.5 square kilometres. It has 45 parks covering nearly 7.5% of total area. The population of Maryborough in 2011 was 15,860 people. By 2016 the population was 15,400 showing a population decline of 2.9% in the area during that time. The predominant age group in Maryborough is 60-69 years. Households in Maryborough are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Maryborough work in a community and personal service occupation. In 2011, 61.3% of the homes in Maryborough were owner-occupied compared with 59.7% in 2016.

Maryborough has 8,326 properties.

    There are currently 161 properties listed for sale, and 32 properties listed for rent in Maryborough on OnTheHouse. According to CoreLogic's data, 408 properties were sold in the past 12 months in Maryborough.

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