Opportunity here. 1324 m2, 2 titles, 2 street frontages, Gympie CBD main street.
This partly leased property returning good income from 2 Mary Street shops with the balance of the property comprising a large disused cinema , upstairs offices & managers residential unit is available to purchase.
The tenants in place have leases providing the property owner future income whilst the opportunity for major development of the property at the top end of Mary Street is a great investment in the major Regional shopping precinct of the Gympie Region. Council plans for the CBD include works to enhance and vitalise the CBD to meet future commercial demand. Council and State Government planning studies have recognised the growth needs of the area including the CBD.
This property is in the centre of the Gympie CBD surrounded by numerous commercial activities including the Post Office, banking services, professional offices, restaurants and major shops. The area generates a massive amount of foot traffic and vehicle movements each day and is recognised in the new Council Planning documents as the major regional centre.
The property is owned by a pioneering family of business entrepreneurs who at one time owned a large portion of Mary Street and supplied all manner of products to Gympie District residents. This property of 2 titles facing Mary and Young Street, is one of the largest CBD footprints and as such provides the size to create a modern shopping experience and a good investment in the city of Gympie which has projected growth amongst the highest rate in SE QLD. It was the jewel in the owners’ property portfolio and the last to be sold.
Gympie city is well serviced by major roads and rail including the multi laning of the Bruce Highway to Brisbane with new commercial businesses, including Bunnings opening 2014, and many other large stores.
The Family’s estate changes requires for this last link to their historic Gympie shopping emporium to be sold.
Tender Closes 11th November 5pm
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes only.