Babinda is a bustling community located just 40 minutes South of Cairns. Bramston Beach is only 20 minutes away, as is Innisfail that has most major retailers and is currently experiencing a property boom that will last for many years. Right on the doorstep of Babinda is the beautiful freshwater attraction of The Boulders.
Listed for sale in this growing township is the freehold title on this fantastic opportunity in the CBD. Comprising a Supermarket, a shop, a modern upstairs unit and an adjoining building at the back, there is a combined total of 870m2 under roof. This is the only Supermarket servicing Babinda and from Gordonvale to Innisfail.
? Supermarket: 560m2 has 2 x 5year options left on its lease. Valued at $550K returning 7.76% p/a.
? 100m2 unit. Owners residence, currently vacant. Potential rent $200 p/w.
? 110m2 shop: Currently rented at $9360 p/a.
? 100m2 Adjoining building: Currently empty, previously an embroidery business.
? Value of $250K, possible return in excess of 9% p/a.
Priced well below replacement cost and best positioned between the Supermarket and the Stag Taver and also directly opposite the the newly opened community owned Bendigo Bank. This is a great opportunity to get into the market in a town that has yet to reach its full potential.
For further details, feel free to call Adam Forster direct on 0438 102 305.