7/18-20 Wharf StreetPort Douglas QLD 4877
Property Details for 7/18-20 Wharf St, Port Douglas
Last Listing description (April 2024)
This rare opportunity to purchase commercial premises located directly across from the iconic St Mary's church and Sugar Wharf nestled in a high vehicle and foot traffic location, surrounded by Port Douglas's most renowned dining precinct including the world famous Court House hotel, local boutiques, and holiday apartments.
The commercial property has been split into 2 commercial shops, with shop 2 being the larger at 104 sqm internally plus a grand 60sqm undercover outdoor dining area facing Wharf Street with Dickson inlet views. Currently under a newly signed 10 year lease with experienced restaurant operators at $75,000 per year. Shop 1 is 42 sqm internally plus a 12.5 sqm alfresco all day dining or retail area. This space has just been offered to the market for rent at $40,000 per year and is a blank canvas for the right tenants in a prime position. Once this is leased it will combine to offer a $115,000 return which is a 7% plus net return on investment.
The truly unbeatable location as well as its existing income revenue from the leased restaurant space are true highlights, this is one not to be missed.
At a glance:
Unbeatable location
1 long term tenancy in place
High traffic area
Strong income revenue opportunity
Shop 1 is 42 sqm and Shop 2 is 104 sqm
Offers over $1,600,000 with a potential 7% plus return on investment
Property History for 7/18-20 Wharf St, Port Douglas, QLD 4877
- 15 Jan 2024Listed for Sale Offers over $1,600,000
- 25 Oct 2022Listed for Sale $1,600,000 Restaurant ready to trade
- 24 Feb 2017Listed for Sale Not Disclosed
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0About Port Douglas 4877
The size of Port Douglas is approximately 9.9 square kilometres. It has 18 parks covering nearly 16.2% of total area. The population of Port Douglas in 2011 was 3,205 people. By 2016 the population was 3,518 showing a population growth of 9.8% in the area during that time. The predominant age group in Port Douglas is 30-39 years. Households in Port Douglas are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Port Douglas work in a community and personal service occupation. In 2011, 43.1% of the homes in Port Douglas were owner-occupied compared with 48.2% in 2016.
Port Douglas has 5,242 properties. Over the last 5 years, Houses in Port Douglas have seen a 67.61% increase in median value, while Units have seen a 82.62% increase. As at 31 August 2024:
- The median value for Houses in Port Douglas is $860,631 while the median value for Units is $472,553.
- Houses have a median rent of $650 while Units have a median rent of $550.
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