BABINDA
FOR SALE
$890,000
Re: 48_54 Munro Street, Babinda Real Estate
Potential Return 8.5%

Babinda is a bustling Sugar community located just 35 minutes south of Cairns at the base of Mt Bartle Frere and home to The Boulders a tropical water flow attracting tourist buses daily and only 18 minutes from the coastal village of Bramston Beach.
The building listed for sale is on freehold land of 1012m2 comprising a 560m2 Supermarket, a 110m2 shop, modern upstairs furnished 100m2unit, and adjoining 100m2 storeroom at the rear.

SUPERMARKET $650,000 value
560m2 has 2×5 year options left on its lease Returning 7.76%

100m2 UNIT $100,000 value
Residence is currently Rented @ $200 per Week

110m2 SHOP $100,000 Value
Shop currently tenanted on 12 month lease @ $220 per Week

100m2 BUILDING $40,000 Value
Rear Storeroom Currently empty. Ideal for storage @ $80 per Week

Priced well below replacement cost at $890,000 and best position in the centre of town next to Stag Tavern and opposite the newly opened Bendigo Bank this is a great opportunity to buy into the market in a town that has yet to reach its full potential.

So give Babinda Real Estate a call on 07 40671680.