9/48 Macrossan StreetPort Douglas QLD 4877
Property Details for 9/48 Macrossan St, Port Douglas
Last Listing description (June 2024)
This is a rare opportunity to purchase an iconic 136 sqm commercial premises in the heart of town. The Port Douglas Australia Post Office has traded from these premises for over 29 years. The current tenancy has rolled over to a periodic month by month lease, which opens multiple opportunities for a new owner. Choose to work with the current long standing tenants and negotiate a new lease agreement or operate your own business from this prominent and accessible high traffic position.
The tenants are currently paying an attractive $61,026 plus gst and all outgoings. On the current lease this equates to an investment approximate return of 10% on the current rent, at a purchase price of $580,000.
The combination of a truly unbeatable location, positive investment return and its reputable long standing tenant whose business provides an invaluable service to community are true highlights, this is one not to be missed.
Contact Mark Flinn 0405 646 313 to arrange an inspection or for more information.
At a glance:
• 136 sqm commercial premises
• High traffic area with Australia Post tenancy
• Strong income revenue opportunity
• 4 carparks + storage cage on Title
• Off street and side street customer parking
• Truck access with rear entry door
Property History for 9/48 Macrossan St, Port Douglas, QLD 4877
- 16 Jul 2024Sold for $555,000
- 11 Jun 2024Listed for Sale $580,000
- 21 Jun 1996Sold for $350,000
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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 5,245 properties. Over the last 5 years, Houses in Port Douglas have seen a 62.76% increase in median value, while Units have seen a 52.16% increase. As at 31 October 2024:
- The median value for Houses in Port Douglas is $800,052 while the median value for Units is $425,832.
- Houses have a median rent of $650 while Units have a median rent of $550.
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