'Tidewater' Prime Commercial Investment Opportunity!

Acting under instruction of the Personal Representative of The Estate of The Late Francis Richard Hebbard.

Investors! How would it feel to add this PRIME piece of commercial real estate in the heart of Yeppoon to your new or growing portfolio? Don’t miss out on this very rare opportunity to secure ‘Tidewater’ – a 1519m2 aggregation of three adjoining allotments located centrally within the main retail precinct of Yeppoon, only 300m to the main beach.

‘Tidewater’ occupies 4 x detached buildings, comprising an ex-cinema and an ex-motel complex, providing a series of retail outlets and office spaces over a 902m2 lettable area with 12 tenancies and 12 open car park spaces. The property is located on a corner site at the intersection of Normanby and Hill Streets, with good exposure to both vehicular and pedestrian traffic. Tidewater offers two direct/easy vehicle access points, the main for East-bound traffic along Normanby and for West-bound traffic off Hill Street via a 4m wide easement at the rear of the complex. The property’s elevated hillside location allows for stunning views of greater Yeppoon and Keppel Bay.

This prime commercial property features tenancies with:
– Solid masonry block construction.
– Carpet, tile and vinyl floor coverings.
– Unisex amenities (excl Shop 7), with a disability toilet common to all.
– A kitchenette with stainless steel sink and built in floor cupboards or the original motel ensuite which includes a shower and single vanity.
– Air conditioning, either split system, cassette or wall-mounted.
– Sliding and glass swing door entry.
– Exposed or recessed fluorescent or mercury vapour lighting.
– 13 Normanby St layout includes retail tenancy on ground floor, and auditorium-style tenancy to the rear.

Improvements to the property include landscaping, some internal and external fencing, concrete driveways and car parks, covered walkways and outdoor patio to Shop 1.

Secure your investment with the following commercial offerings:
– Currently leased to 11 tenants across 1,2,5 & 6 year terms to 2023.
– Total NET rental income of circa $230,300 p.a. exclusive of GST.
– Diverse tenancy mix including a retail, cafe, hairdresser, beauty & massage therapy, lawyer, real estate agency and worship centre/office.
– Full Commercial Property Inspection and Asbestos Reports available.
– Situated on 1,519m2 (1,170m2 and 349m2 over 2 titles) with 902m2 lettable area.
– Optimally located in Yeppoon CBD and main retail precinct.
– Walking distance to main beach and transport services.

Get among the ‘buzz’ of Yeppoon and secure your investment among future developments in the region including Great Keppel Island, Zilzie, local council and government initiatives, and the Central Qld coal mines.

Contact Kevin Doolan on 0408 192 883 or Ross O’Reilly on 0418 757 097 today for an Information Memorandum including Commercial Property Inspection Reports, tenancy details and financial statements for this property.

Property ID: 1026344