PROPERTY FOR SALE > 4650, MARYBOROUGH, QLD, Australia

For Sale > Investment Property, Commercial Units In Maryborough

Commercial Units For Sale Maryborough

Commercial Property For Sale Maryborough Qld

Price: $241,675
Status: FOR SALE
Address: MARYBOROUGH, 4650, QLD
Bedrooms: - Bathrooms: 1
Garage: - Pool: -
Car Port: -
Land Size: - House Size: 172

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Commercial Real Estate Mayborough Qld

We have 8 units available for sale in this near completed development which is 20 mins from Hervey Bay

The "Wide Bay Business Park" is Maryboroughs most exiting new commercial and industrial precinct. The estate will comprise of 54 lots and ranging in size from 1200 square metres to 9705 squares. Stage 1 is now available, completion is due approx April.

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 region's economy, fuelling 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 $284 460 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 Repayments—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.

Rental appraisal will be emailed on request

Call Rhonda Madden on 0418 844 499 to register your interest

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Contact Details For This Property (AD ID: A1012)

Status: FOR SALE
Asking Price: $241,675
Agent Name: Rhonda Madden
Telephone: 1300 662 768
Mobile: 0418 844 499
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