Australian Commercial_property On Sale by Property Showrooms
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Commercial Description
The developer is willing to pay 8% rental guarantee for 1 year or until tenanted, whichever comes first.
Proposed rental returns around 8% net.
We have 3 units available for sale in this newly completed development which is 20 mins from Hervey Bay, QLD.
The Wide Bay Business Park is Maryborough's most exiting new commercial and industrial precinct.
Three commercial lots are available for sale
Lot 1 $150.000 126m2
Lot 2 $140.000 107.m2
Lot 5 $450.000 319m2
Lot 5 is tenanted at $40,735 per year
The Wide Bay Business Park is situated on the Bruce Highway approximately 7 kilometers north west of the Maryborough central business district. Maryborough has a population of 26,000 and is the dominant commercial centre for the surrounding local government areas of Woocoo, Tiaro and West Hervey Bay. The region has a population of approximately 45,000 people.
Population Growth has become the greatest single driver of the regionals economy, fueling growth in construction, wholesale and retail sectors as well as in trade, transport, storage, communication, public administration, Defence, community services and the manufacturing sectors. Because the region's population growth has come largely from migration, the economy's ability to provide sufficient and sufficiently diverse employment opportunities has been gradually outstripped, necessitating new employment initiatives to satisfy an increasing demand for jobs.
Key growth industries, Advanced manufacturing and engineering, Agriculture and horticulture, Mineral production, Timber and forestry and the Airport Master Plan.
Maryborough is positioning itself to become a hub for aviation business and maintenance . The Maryborough City Council has commissioned a Master Plan to establish an aviation business precinct and airpark accommodation precinct at the Maryborough Airport.
The Wide Bay Business Park units offer a net return of approx 7.5%. The advantages of Commercial Real Estate investment are now becoming more common knowledge to Mum and Dad investors as the rental yields are generally higher than those achieved on residential dwellings.
For example: 1 unit at $174,000 cost a single person on an income of $50,000 less that $20 per week.
Whereas, a 4 bedroom house at $350,000 would cost approx $170 per week to hold on to. Because this knowledge is now more available to us, Commercial units are fast becoming a preferred option for property investment not just for those on lower incomes or first time investors, but also for those astute investors as well.
After all property investment is all about the cash flow.
Key Differences Between Commercial and Residential Properties
Commercial Properties: All then Investor pays for is the Mortgage Repayment”on an interest only loan. The tenant pays all out goings, Rates, Body Corporate, Electric, Management fees and GST.
The only Fee for the investor is a one off letting fee to find your first tenant. This equates to approximately 12% - 15% of the annual rent. A minimum lease is for a Commercial unit is 3 years, so no worries about vacancies or finding new tenants every 6 months. Also, on commercial properties you have a higher rate of building depreciation of 4%pa as apposed to 2.5%pa on residential investments.
Residential: In contrast to the above, with residential property the owner is responsible for all outgoings. The only thing the tenant is responsible for is the rent.
Call now 1300 662768. Financials available on request
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Approximate price of this 0-Bed COMMERCIAL_OTHER
AU$140,000 AUD |
€108,443 EUR |
£87,698 GBP |
US$138,460 USD |
(Currency and Foreign Exchange services supplied by  )
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| Type |
COMMERCIAL_OTHER |
| Category |
Re-Sale |
| Listed |
over 6 months ago |
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Map of Maryborough, Queensland, Australia
Towns located close to Maryborough, Australia
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Price: AU$140,000
Latest Property News in Australia
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Price of Property in Maryborough, Australia
| (All prices in EUR) |
Maryborough |
Maryborough |
Maryborough |
| Commercial |
140,000 |
140,000 |
140,000 |
140,000 |
- |
- |
* Calculations based on 1 properties for sale in Maryborough and 1 properties for sale in Australia |
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