6 Normanby St
Yeppoon QLD 4703
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MULTI-TENANTED INVESTMENT
Knight Frank is pleased to present for sale ‘Sands Arcade’, ideally situated in the CBD of Yeppoon.The asset is fully leased and provides a robust income stream thanks to its 10 tenancies across two levels.
Additionally, the asset offers great development upside thanks to the location and excellent value-add opportunities with proposed lease improvements.
Features include:
- Net Income of $167,045.73 + GST per annum
- 551* sqm of freehold land (STS)
- 1,102* sqm of NLA (STS)
- 10 tenancies
- Multiple amenities across ground floor and level 2
- Rear access to Yeppoon Town Centre Carpark
- Major electrical and plumbing restoration in recent years including the upgrade of the main electrical switchboard
- Zoned Major Centre under Livingstone Shire Council Planning Scheme 2018
- Premium CBD location
- Excellent signage opportunities
- Excellent development upside
- Great opportunity for lease/ rental income improvements
For Sale by Offers to Purchase, please contact agents Adam Kelly or Neale Crow via the below enquiry section for further information.
*Approx
Features
General Features
- Land Area: 551sqm
- Commercial Type: Retail
- Building Area: 1,102sqm
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Enquire about 6 Normanby St, Yeppoon, QLD, 4703