Commercial Property For Sale: Picnic Bay, QLD 4819

Picnic Bay, QLD 4819

Vendor Details: 0488 847 018 Enter Phone Code 83733 when prompted.
Retail
directions_car8
Price: $1,395,000 + GST If Applicable
Vendor Details: 0488 847 018
Enter Phone Code 83733 when prompted.

MIXED USE BEACHFRONT OPPORTUNITY

The Phone Code for this property is: 83733. Please quote this number when phoning or texting.

8 THE ESPLANADE, PICNIC BAY
This is a rare opportunity to purchase a freehold property with captivating ocean views.
Two solid concrete block buildings sit on 991m2 of prime beach front land overlooking the picturesque foreshore in the sought after village of Picnic Bay.
The building fronting the Esplanade consists of two shops with views to the coral sea.
The second building, also with ocean views is currently undergoing a conversion into a three bedroom residence which includes a separate self contained retreat.
The property has a three storey height limit and is zoned Mixed Use under the local planning scheme.
This allows for a range of uses including Multiple Dwellings, Short Term Accommodation, Rooming Accommodation, Function Facility, Health Services, Place of Worship, Restaurants, Bars, Showrooms and Retail Outlets.
A purchaser could live on site and operate a business or lease out the two shops for a passive income. There is a shortage of commercial or residential properties for lease on the island.
There is potential for a 5% net return if fully leased.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

Contact The Owner

Floor Area: 191 m2
Carports: 8
View Visits
For Sale By Owner | Sell My House | Private House Sales