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Allora, 52 & 71 Herbert Street & 46-48 Raff Street

2 Shops + Restaurant + 5 Bed B&B + 2 Houses + 3 Titles

$1,760,000 No GST

Listing Number: QCK2969
About this listing
The opportunity to acquire a business portfolio with growing returns from this retiring family is now available. 1. The two shops in the main street of Allora are tenanted as a hair salon and coffee lounge and detached behind the shops is a 4 bedroom, 2 bathroom home that is also tenanted. The Returns on the investment is over 8%.
2. The vacant Restaurant has the opportunity for a Chinese Chef to draw on the surrounding community as clientele and possibly live in the separate 3 bedroom, 2 bathroom Family Home. Set up Ready to operate.
3. The Bed & Breakfast is establishing as the place to stay in the region with extensions under way to complete a cottage to sleep 4 that will total 10+ Guests. 6% return at present before the extension is complete.
Property Information
  • Floor Area: 1356 sqm
  • Land Size: 8094 sqm
  • Land area
    • Yard Square Metres: 3044
  • Property Type: Other (Bed & B/Fast-2 Shops+ restaurant+2 houses), Tenanted Investment
  • Property Features: B&B can cater for up to 12 people overnight when the Cottage is completed. Garden Weddings are a regular extra income with marriage ceremonies regularly booked with 40-100 guests in the garden. 52 Herbert St. 2 Shops + 3 bedroom house returning $720.00 per week., Building Name: Dalrymple Bed & Breakfast
  • Tenancy: Additional Details: The property is managed by two different agencies and the restaurant is vacant. The Bed & Breakfast has clientele regularly during the week and on week ends.
  • Tenancy 1: Rental net/gross p.a.: $,11,700 Gross, Tenant Name: Allora Hair Salon
  • Tenancy 2: Commencement Date: 24 November 2018, Expiry Date: 24 January 2019, Rental net/gross p.a.: 16,640 Gross, Tenant Name: Alicia Atkins, Term (years): 3 Monthly
  • Tenancy 3: Rental net/gross p.a.: $11,700 Gross, Tenant Name: Amy's Coffee Shop

Contact Details

Landmark Harcourts Cooke

67 King Street
Clifton

Property Location

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