371 Kent Street, Maryborough, QLD 4650

Offices | Retail

For Sale $1,850,000

  • Property ID: 189486
  • Floor Area: 2388m²
  • Land Area: 1595m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the premises (FTTP)
  • Cafes: 7 nearby
11.5% nett return

Over the years it has witnessed many changes and today is divided into 20 tenancies. VIP Realty is the major tenant located on the corner of Kent and Bazaar Streets. There are six ground floor shops with street frontage and another 4 in an arcade.

The upstairs area consists of thirteen possible tenancies. When fully leased the property will return approx $280,000 with outgoings of approx $50,000 it will show a ROI of 11.5%. There are currently three vacancies on ground level and three vacancies upstairs. There is a 600 m2 vacant second floor that could add further to the income if a suitable use could be found and therefore push the return up around 15%

The building is in general in good condition for its age. It has an elevator that services the first floor and makes this area more accessible than other two story buildings in the City. The building is listed on a local heritage listing that does not impact in a negative way. The building is situated on a corner lot of 1595 m2

The number of tenancies certainly reduces the vacancy risk and produces regular leasing enquires!

Property Code: 1349

Maryborough Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $1684 $228 13.52%
Industrial $1762 $163 9.24%
Offices $1740 $172 9.86%
This is the average advertised price, rent and yield for Maryborough, QLD 4650*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Agency Details

VIP Realty

371 Kent Street, Maryborough, QLD 4650

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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Cafes - Number of cafes located within 500 metres of 371 Kent Street, Maryborough, QLD 4650. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • Disclaimer - We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
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