![]() Asset Class: | Retail |
![]() Price: | $ 600000 |
![]() Net Yield: | 3.00 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | Pre Market |
Located in the heart of Mount Isa, this property offers a unique opportunity in a thriving mining town known for its robust economy and community spirit.
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Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
Mount Isa is a vibrant regional center with a population of approximately 21,000 residents. The city offers:<br>Strong Economy: Primarily driven by the mining industry<br>Employment Opportunities: High-paying jobs, especially in the mining sector<br>Community Facilities: Family-friendly amenities including parks, swimming pools, and a fun park<br>Education: Quality schools, including Spinifex and Good Shepherd high schools<br>Investment Potential<br>Rental Market: High demand for rental properties with limited supply<br>Rental Yields: Potential for significant returns due to the tight rental market<br>Commercial Opportunity: As a shops & retail property, it may offer diverse business possibilities<br>Local Demographics<br>Median Age: 34 years<br>Primary Residents: Young professionals, families with children, and singles<br>Occupations: 46% of employed residents work as Professionals<br>Considerations<br>Cost of Living: Generally higher than in many other regional areas<br>Environmental Factors: Ongoing monitoring of lead emissions from mining activities<br>Remoteness: Limited public transport options and significant distance from major cities
Additional Location Information File<span style="color:rgb(51, 63, 72);">Shop 1- This establishment, known as Big Mama's, features the most expansive storefront among its three counterparts, along with a spacious dining area and a counter equipped with a commercial-grade kitchen. Additionally, there's a sizable storage area in the rear to accommodate all your kitchen essentials!</span><br><br><span style="color:rgb(51, 63, 72);">Shop 2 – This vibrant and lively shop houses Shut Up & Cut Barbers and offers plenty of space! There's a storage area in the back complete with its own toilet.</span><br><br><span style="color:rgb(51, 63, 72);">Shop 3 – This spacious storefront features a welcoming reception area and a sizable storeroom in the back, which can double as a staff room, complete with its own toilet.</span>
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<span style="color:rgb(51, 51, 51);">Investment Potential</span><br><span style="color:rgb(51, 51, 51);">Rental Market: High demand for rental properties with limited supply</span><br><span style="color:rgb(51, 51, 51);">Rental Yields: Potential for significant returns due to the tight rental market</span><br><span style="color:rgb(51, 51, 51);">Commercial Opportunity: As a shops & retail property, it may offer diverse business possibilities</span>
Additional Financial Information FileInitial Term:
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Rental prices have risen by 2-3% over the past 12 months1 Strong demand for rental properties due to the mining industry and high-paying job opportunities3 Limited supply of rental properties, with just over 100 usually on the market at any given time1
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