House for sale
119 LONG ROAD (Gallery Walk),
Eagle Heights, QLD
2 2 4
PRICED SLASHED TO $990,000
An Ideally Positioned Gallery Walk Investment Property That Can Be Recommended By Lane RealtyIn times of economic uncertainty, wise people seek out safe investments that normally offer only low returns. This ideally positioned commercial property on almost 1/4 acre on Tamborine Mountain's famous Gallery Walk offers the security of prime tourist commercial property plus the sort of returns that you could not hope to see coming from any safe and sure investment like Government bonds, for many years to come. The Gallery Walk tourism precinct which starts at the famous old Moreton Bay Fig Tree roundabout and now extends beyond the next little roundabout, caters for a massive flow of tourist traffic through all four seasons of the year. While winter, school holidays and weekends are undoubtedly its busiest times, both locals and many tourists visit during the week days to shop and dine at the favourite cafes. These days, 3 day weekends and even mid-week breaks are part of the normal working world.
"The Heritage Wine Building" with its hidden 2 bedroom cottage at the rear, is ideally located just one spot down from the Fig Tree corner and beautifully refurbished and updated for excellent visual appeal. It is only being offered for sale because the owner of Heritage Winery wants to grab the opportunity to purchase a very special property in another part of Tamborine Mountain. One thing is clear, he does not want to move his cellar door wine tasting facility from this great location in Gallery Walk where he has been for a number of years and understands the value of the having walk-in access to the huge tourist traffic. The big, near new, open front dining deck offers a level of invitation that few other facilities along the Walk have achieved. With easy access at both ends of the building and a ramp at the northern end, it is just so simple to enter.
There are 3 separate shops all opening onto the deck. The inviting, well presented cafe with both indoor and outdoor dining occupies 92 square metres of indoor space & is currently seeking a new tenant. It adjoins the winery which has 28 square metres and the Mountain Wedding Group display shop occupies 24 square metres. The seller has clearly indicated that he is happy to sign a lease for his outlet and also indicated that the well organised and run Wedding Group are also willing to sign a lease after having already had the opportunity to test the position for its viability. He suggest that the returns will afford the new owner about $100,000 per year in income.
The fully paved and extra wide side driveway gives easy access and visibility to the fourth shop that is operating out of the rear corner of the building. The house is also tenanted.
Both solid timber buildings have undergone extensive modernisation and refurbishment including new wiring and plumbing over the past few years and both are supported on solid concrete stumps. All Council compliance's are in place for both commercial and residential usage.
The property would ideally suit any talented chef & family as well as an investor or superannuation fund with an eye to maximising both returns and capital gains. All nececessary improvements have already been done by the seller and the only future outlays are likely to relate to maintaining the exterior paint work at its current level of very good order.
* Copy of Sustainability Declaration available at Lane Realty
For Service With A Smile
phone Barry Chick on 07 5545 1800 / 04 1887 6191
For extensive information about Tamborine Mountain, its properties for sale, permanent & holiday lettings, as well as Lane Realty & staff, please visit our own large web site: www.lanerealty.com.au
Last updated: 11:18AM on Nov 17th 2017