Recently renovated and council approved MCU, new wheel chair access, fully air conditioned, large solar system to support tenant running costs, MCU change to suit a range of future food businesses. No option on vacant possession as business owners want to rent back for 10 x 10 years.
New Lease at Settlement: 10 years with 1st option of a further 10 years starting at $650pw rent ($33,800 Annually, plus tenant pays all outgoings Rates($5600), additional Council Fees($1000), Building/Contents Public Risk Insurance($7,000) plus $1000 building maintenance). Rent increases will be subject to CPI after 5 years.
About the Tenants:
The size of Bundaberg East is approximately 4.6 square kilometres. It has 10 parks covering nearly 15.3% of total area. The population of Bundaberg East in 2011 was 2,810 people. By 2016 the population was 2,770 showing a population decline of 1.4% in the area during that time. The predominant age group in Bundaberg East is 0-9 years. Households in Bundaberg East are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bundaberg East work in a labourer occupation. In 2011, 58.3% of the homes in Bundaberg East were owner-occupied compared with 57.5% in 2016.
Bundaberg East has 1,600 properties. Over the last 5 years, Houses in Bundaberg East have seen a 93.54% increase in median value, while Units have seen a 64.75% increase. As at 31 July 2024:
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