161 Balo Street, Moree offers investors the opportunity to secure a strong yield of 9.8% net ROI in a commercial setting in the heart of Moree's business precinct. The property strikes a good balance between retail, shops and offices offering a greater level of security in the marketplace.
Lot 2 DP 600708
B3 Commercial Core
The property is located in the main street of Moree's CBD. Surrounding properties are comprised of prime retail, offices and hospitality outlets.
Situated approximately halfway between Sydney and Brisbane on the Newell Highway, Moree services a large agribusiness sector with strong ancillary services including two high schools, three primary schools, daily air and rail facilities to Sydney, a large shopping centre and a multitude of rural and retail outlets.
Constructed around the 1930s from the double storey building has brick walls, concrete floor and a galvanised iron roof comprising. The interior of this well-maintained property is a mixture of a double storey building with a mixture of shops and offices. The property is well secured at the front and the rear.
Lease breakdown available on request.
For more details, please email agent