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Ideal Entry Level or Supplementary Commercial Investment

142 High Street, MARYBOROUGH VIC, 3465

For Sale

Property for Sale in 142 High Street, MARYBOROUGH VIC, 3465

Listing ID:
11361183
Status:
Active
For:
Sale
Price:
$400,000
Last Updated:
06/07/2020
Icon building

Property Type

Retail
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Land Area

74 SQM
Icon size

Floor Area

231 SQM
Icon parking

Parking

N/A

Ideal Entry Level or Supplementary Commercial Investment

This terrific entry level retail investment tenanted by an award winning Telstra Dealer is located on one of the busiest intersections in the main commercial centre of Maryborough. The recently renewed lease for 3 years commenced on 30 June 2019 with further options and covers both ground and first floors. Current rent is $20,023pa + GST and outgoings. The property is ideally located on the prime intersection of High Street and Nolan Streets, the ground floor tenancy having two retail frontages with office accommodation on the first floor. The building occupies the entire site of approximately 74sqm. Telstra is the major telecommunication provider in the Maryborough region and the current business operators recently won an award for their outstanding business performance.

Maryborough is a thriving rural town which established in 1840. Gold was discovered in 1848 with other finds in the 1850's. It is centrally located on the Northern slops of The Great Dividing Range in the Central Highlands Region and is approximately 168km North-West of Melbourne, 68km from Ballarat and 65km from Bendigo. The town population is approximatley 8,500 or approximately 15,000 including the surrounding rural population. The NBN roll-out is now complete within the region.

The Telstra Building as it is commonly known being on the busy roundabout intersection also houses Target and the majestically refurbished Bull & Mouth Hotel which provides great cuisine and wonderful accommodation. The Grand City Post Office is a minutes walk away and it is at the centre of the main street (High Street) shops with constant passing traffic and plenty of customer parking available.

For more details, please email agent


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