27 - 29 Zammit Street,
Deception Bay, QLD 4508
Shops & Retail
Key property information
Land area
Floor area
Tenure type
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Map of 27 - 29 Zammit Street
Consider This Neighbourhood Centres Potential
Situated at Zammit Street, Deception Bay beside a fully functioning medical practice, this neighbourhood centre with five retail shops holds a wealth of opportunity for the right buyer who loves the challenge of revitalising a commercial property and reaping the rewards of that success.
The building is constructed primarily of durable concrete tilt slab, and all five shops have plenty of store front windows with an abundance of on-site parking being an absolute must for any convenience shopping hub.
With exception of the hairdressing salon, which remains trading, four of the shops are presently vacant and approximately range in size as follows:
Shop 1 - 139sqm
Shop 2 - 66sqm
Shop 3 - 65sqm Hair salon
Shop 4 - 65sqm
Shop 5 - 110sqm
With a face lift and some new life injected into the centre it could have a great income potential even at around a conservative leasing rate of $250/sqm. Combined and fully leased that is $110,000 net per annum. At the asking price of $750,000 it has a yield potential of over 14%! There is no doubt there are some challenges to be overcome but the rewards maybe there for the taking.
Contact Glen Mare today to arrange an inspection.
REF ID: 18966773
The building is constructed primarily of durable concrete tilt slab, and all five shops have plenty of store front windows with an abundance of on-site parking being an absolute must for any convenience shopping hub.
With exception of the hairdressing salon, which remains trading, four of the shops are presently vacant and approximately range in size as follows:
Shop 1 - 139sqm
Shop 2 - 66sqm
Shop 3 - 65sqm Hair salon
Shop 4 - 65sqm
Shop 5 - 110sqm
With a face lift and some new life injected into the centre it could have a great income potential even at around a conservative leasing rate of $250/sqm. Combined and fully leased that is $110,000 net per annum. At the asking price of $750,000 it has a yield potential of over 14%! There is no doubt there are some challenges to be overcome but the rewards maybe there for the taking.
Contact Glen Mare today to arrange an inspection.
REF ID: 18966773
Deception Bay, 4508 demographic data
The median household income for Deception Bay is $1,270, 31% lower than Greater Brisbane's household income of $1,849. Deception Bay has an older age profile compared to the rest of Greater Brisbane (median age 40 vs 36). Property ownership data shows 56% of property owners in Deception Bay have a mortgage.
19,573
Population
$1,270 per week
Median household income
40 years
Median age
Owners
Most residents
Families
Most households
07 3482 01...
27 - 29 Zammit Street
Deception Bay, QLD 4508
CPRM Property Group (QLD) - Level 3, 303 Coronation Drive
MILTON, QLD 4064
MILTON, QLD 4064
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