2 Fairymead Road, Bundaberg North QLD 4670

Sold $435,000

Ideal investment opportunities with this renovated space

This rare find, with an ideal combination of residential and commercial, is new to the market. The current owner has cared for this premises for over 27 years—utilising it as their own shop, residential space, and investment property. Now the property is ready for a new owner to take over and reap the same benefits the current owner has for many years.

This building has been recently updated with external painting, new roof, LED lighting, and new landing. There is easy internal and external access between the floors, from the business level from the residential space. The structurally sound property offers dual income opportunities with a commercial, purpose-built space for local takeaway/convenience store, enclosed space to allow for seating and dining, both inside and outside, within a private, and secured fenced area.

This popular fish and chip shop is currently for sale with opportunity to purchase a freehold space with residential living, and a fully operational business – an opportunity also worth discussing.

Rental Appraisal for the 2-bedroom unit is $200 – $250 per week, with the current Commercial lease in place expiring 7th October 2022 with annual increase of 5% to 2026 with option period in 2022 at market review and a current rental return of $740 per week.

This combined commercial space offers:
– Ground floor with internal and external seating area (fenced)
– 3-phase power
– New roof in 2019
– Disability access
– Electric and natural gas
– Fish and chip business also for sale
– Inventory:
o Stainless/timber/mini orb custom servery
o 4x stainless steel exhaust canopy and chimney
o Grease trap
o 1x porcelain hand-basin
o 1x fixed laundry tub
o 1x floor safe
o Soft furnishings/window dressings
o 1x 5hp LG airconditioner, fitted, shop level
o 3x lawn lockers colourbond
o 1x lattice aluminium motor shed
o MRB electric oven
o 1x hot water system
o 2x free standing roller stainless steel work benches

Located conveniently on Fairymead Road, it has excellent exposure to local and passing traffic, situated nearby the main thoroughfare in and out of Bundaberg. It is in close proximity to many amenities, such as local community parks, shopping centre, popular tourist attractions and restaurants. A mere 2km from Bundaberg Central and close to schools with Bundaberg North High School within 350m, State School within 750m—this is the perfect location for one to live in and operate a business.

Contact Sharon Golding today to further discuss and explore the ample opportunities, that suit your needs and desires, to determine how you can expand your investment portfolio in 2022.

Property Features
  • Hotel/Leisure
  • Land is 895 m²
  • Floor Area is 170 m²
  • 4 Car Spaces

Outgoings: No

Real Estate Agent's
Sharon Golding
Principal Licensee
0457 473 173
07 4196 0933

    David Radonich
    Commercial Sales Executive