Nestled right in the heart of Mount Isa's bustling CBD lies an exceptional investment opportunity waiting to be seized! Boasting an approximate 9.0% rental yield, this property is a lucrative venture.
The premises currently host well-established businesses, all of which lease the shop fronts under long-term agreements. Let's take a closer look:
Shop 1: Anchored by TJM with a lengthy lease, this space features a spacious showroom/reception area complete with ducted air conditioning. You will also find Offices with split systems and a lunch room equipped with a kitchenette and fan. Towards the rear, you'll find a private workshop with upstairs storage and fenced-off street parking and staff facilities. Known nationally for their expertise in 4WD fitting, TJM ensures top-notch service for outback adventurers.
Shop 2: Under the management of KP Fitness with a freshly appointed long-term lease, this expansive area offers air conditioning, dedicated parking, and a welcoming front desk receptiona prime location within the CBD.
Shops 3-4: Currently occupied by the globally renowned Subway chain, this section features a sizable foyer with air conditioning. The back-of-house area boasts two walk-in cold rooms, a walk-in freezer, and sinks, along with an additional space utilized for storagepromising tremendous potential.
Shop 5: Home to Pizza Hut with a steadfast tenancy, this unit comes equipped with a built-in counter, seating, foyer with air conditioning, and back-of-house amenities including a walk-in cold room, sinks, and air conditioning.
Convenient side access facilitates seamless deliveries, while external staff facilities cater to the needs of shops 3-5. Positioned at the epicentre of the CBD, this property offers a remarkable return on investmentan opportunity not to be missed!
Call City & Country Realty Sales Team TODAY! John Tully 0429 029 289, Kieran Tully 0416 177 001 or Rachael Wilson 0467 076 756
Property Code: 4629
The size of Mount Isa City is approximately 0.5 square kilometres. The population of Mount Isa City in 2011 was 217 people. By 2016 the population was 89 showing a population decline of 59.0% in the area during that time. The predominant age group in Mount Isa City is 20-29 years. Households in Mount Isa City are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Isa City work in a professional occupation. In 2011, 31% of the homes in Mount Isa City were owner-occupied compared with 32.4% in 2016..
Mount Isa City has 226 properties. Over the last 5 years, Houses in Mount Isa City have seen a 11.60% increase in median value. As at 31 October 2024:
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