lot 86/15 Hynes Street, South Johnstone, Qld 4859 - More Details
$850K-BUSINESS + HOME + LIFESTYLE!
RARE LOW-COST BUSINESS, INVESTMENT & LIFESTYLE OPPORTUNITY — APPROX. 9.6% NET RETURN, DUAL BUILDINGS & 1,060m² CORNER BLOCK — $850,000
$850,000 — A genuine income-producing property combining business, residential and lifestyle flexibility in one established package.
If you have never seriously considered regional property investment, this is an opportunity worth a closer look. Why spend substantially more acquiring a similar income-producing asset in a major city, with potentially higher purchase and holding costs, when this property combines established income, a residence and land in one affordable package?
A GENUINE INCOME-PRODUCING ASSET
Set on a generous 1,060m² corner block with two-street access, the property comprises:
21 secure storage sheds
High-set Queenslander-style 4-bedroom home
Separate commercial and residential income streams
Main water, power and sewerage
Flood-free position
Low-maintenance buildings and grounds
APPROX. 9.6% NET RETURN
Gross annual income: $99,684
Storage sheds: $84,864 p.a.
House: $14,820 p.a. ($285 per week)
Identified annual outgoings: approx. $11,718
Rates: $6,000 p.a.
Storage shed insurance: $3,161 p.a.
House insurance: $2,557 p.a.
Indicative net income: $87,966 p.a.
Based on an indicative purchase price of $920,000, this equates to an estimated 9.6% net return.
The house rent is currently below market, with potential for future rental growth. The property also benefits from established infrastructure and diversified commercial and residential income.
SIMPLE, ESTABLISHED STORAGE BUSINESS
The storage facility provides an established and relatively straightforward business model with 21 individual secure, lockable units, low vacancy and minimal day-to-day management requirements.
Features include remote-controlled access, timed lighting, truck access, separate pedestrian entry, customer toilet and wash basin facilities.
This provides the opportunity to generate established income without the staffing requirements associated with many traditional businesses.
LIVE, INVEST OR DO BOTH
The high-set Queenslander-style home provides genuine lifestyle appeal while offering additional rental income.
The residence features four bedrooms, separate bathroom and toilet, spacious open-plan living, high ceilings, generous windows, air conditioning and ceiling fans, together with useful storage beneath the home and an easy-care garden.
Existing long-term tenants are happy to remain, providing immediate rental income, while the property may also offer the flexibility of owner occupation, subject to tenancy arrangements.
A REGIONAL LIFESTYLE WITH INCOME
South Johnstone offers the opportunity to combine work, investment and lifestyle in a relaxed regional setting, within easy reach of Innisfail, Mission Beach, the Cassowary Coast and Far North Queensland's beaches, rivers, waterfalls, rainforest, fishing and boating.
The property may appeal to:
Investors seeking diversified income
Business owners wanting an established income-producing asset
Owner-occupiers wanting to live alongside their business
Retirees and semi-retirees seeking income and a simpler lifestyle
Interstate investors seeking a regional asset
Storage operators wanting an established facility rather than starting from scratch
A RELUCTANT SALE — A GENUINE OPPORTUNITY
The current owners have proudly owned and maintained the property for many years and are now retiring and looking to simplify their lives. Their decision to sell is therefore made with some reluctance and for genuine lifestyle reasons.
For the right buyer, this could be far more than another investment property — it could be a business, income-producing asset, home and lifestyle change all in one.
Income details, occupancy information and supporting figures are available for qualified purchasers.
Contact the exclusive listing agent today to arrange your inspection and investigate the opportunity for yourself.
DISCLAIMER: Images may include virtual furnishings for illustrative purposes only. Furniture shown may not be present at the property. Tenant privacy has been respected.approximate only. Note: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are requested to take necessary action to satisfy themselves with any pertinent matters.
- Type
- House
- Bedrooms
- 4
- Bathrooms
- 1
- Parkings
- 2
- Area
- 1,060 m²
