FOR SALE: Ipswich showroom draws interest Australia-wide

An opportunity has arisen for investors looking to make more than $100,000 a year passively.

An already-tenanted property in the centre of Ipswich has just gone up for sale, promising buyers a net $102,000 rental income.

Hitting the market on Thursday, the Beaumont Tiles Showroom at 202 Brisbane St, Ipswich, offers buyers a chance to invest in a business without having to run one.

The 809m2 property includes a 392m2 showroom, which was custom-built in 2015 for the tile and bathroom retail giant.

With an asking price of $1.85M, it is selling as a freehold investment and the sale will not include the business itself.
With an asking price of $1.85M, it is selling as a freehold investment and the sale will not include the business itself.

With an asking price of $1.85M, it is selling as a freehold investment and the sale will not include the business itself.

Representing the property, Burgess Rawson associate director Jamie Dewe said the tenant had just begun a new five year lease.

“It’s obviously a good spot there and a national brand – it’s a five-year term lease,” Mr Dewe said.

After only four days on the market, the property has already attracted 40 inquiries.

Mr Dewe said a range of buyers had shown interest and inquiries had come from throughout Australia.

Mr Dewe said a range of buyers had shown interest and inquiries had come from throughout Australia.
Mr Dewe said a range of buyers had shown interest and inquiries had come from throughout Australia.

“There are private buyers, self-managed super funds and obviously, with the way interest rates are, there’s no real good reason to keep your money in the bank so you might as well be investing in property,” he said.

“I think I’ve had about 40 odd inquiries and there are a couple of offers pending. It’s been really popular.”

Mr Dewe said the current owner, who is from New South Wales, decided to sell due to the number of people interested in buying.

“It’s a good time to sell property because lots of people want to buy things,” he said.

“The market is up and there is a lot of interest in commercial property – it’s a good time to sell to make a profit on your investment.”

Read more news by Ebony Graveur.



PREVIEW: New venue to honour iconic watering hole

Premium Content PREVIEW: New venue to honour iconic watering hole

A new deck, function room and craft beer selection are set to please punters

Somerset Council forced to pay $160k for incomplete service

Premium Content Somerset Council forced to pay $160k for incomplete service

Regardless of a land valuation being completed or not, Somerset Council is forced...

Man hacked into sister’s bank account, stole safe

Premium Content Man hacked into sister’s bank account, stole safe

A safe containing gold, silver and cash was stolen amid a man’s crime spree