7/18-20 Wharf Street Port Douglas, QLD 4877

This rare opportunity to purchase commercial premises located directly across from the iconic St Mary's church and Sugar Wharf nestled in a high vehicle and foot traffic location, surrounded by Port Douglas's most renowned dining precinct including the world famous Court House hotel, local boutiques, and holiday apartments.

The commercial property has been split into 2 commercial shops, with shop 2 being the larger at 104 sqm internally plus a grand 60sqm undercover outdoor dining area facing Wharf Street with Dickson inlet views. Currently under a newly signed 10 year lease with experienced restaurant operators at $75,000 per year. Shop 1 is 42 sqm internally plus a 12.5 sqm alfresco all day dining or retail area. This space has just been offered to the market for rent at $40,000 per year and is a blank canvas for the right tenants in a prime position. Once this is leased it will combine to offer a $115,000 return which is a 7% plus net return on investment.

The truly unbeatable location as well as its existing income revenue from the leased restaurant space are true highlights, this is one not to be missed.
Contact Mark Flinn 0405 646 313 to arrange an inspection or for more information.

At a glance:

• Unbeatable location
• 1 long term tenancy in place
• High traffic area
• Strong income revenue opportunity
• Shop 1 is 42 sqm and Shop 2 is 104 sqm
• Offers over $1,600,000 with a potential 7% plus return on investment