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Investment And Development Opportunity In Far North Queensland For Sale

Millstream, Queensland, Australia
Asking Price:
$850,000 (AUD)
Sales Revenue:
On request
Cash Flow:
On request

INVESTMENT and DEVELOPMENT OPPORTUNITY
2 Millstream Parade, Millstream QLD 4888

Property Improvements

  • 100 m² shop and storage area
  • 70 m² residence
  • 168 m² verandas
  • 12 m² public toilet facilities

Land Details

  • 1.666 ha (4.11 acres)
  • Lot 13 RP749588
  • QLD Government land valuation: $235,000
  • Rates: $2,220 per 6 months

Zoning & Approvals

  • Zoned for Tourist Park and Function Centre
  • Approval valid from 10 August 2023 to 10 August 2029

Tourist Park Facilities

  • 48 sites total
  • 11 cabins
  • 21 powered slab sites
  • 8 drive-through sites
  • 8 camping sites
  • Ablution block
  • Function centre
  • Capacity for 100 people

Income

  • Currently earning $900 per week
  • Secured by a 5-year lease with Bafico Family Pty Ltd trading as The Millstream General Store

Building Construction

  • Built in 2015
  • Concrete floors and verandas
  • Steel frame and Colorbond sheeting
  • Painted plasterboard interior
  • Fully screened

Shop Features

  • Plasterboard interior with A-frame ceiling
  • 4 ceiling fans
  • 3 sliding windows
  • Automatic sliding front door
  • Double swing door to storeroom
  • Air-conditioned
  • 10 m² commercial kitchen
  • Handwashing facilities
  • Floor drain
  • Plumbing for espresso machine
  • Commercial vinyl flooring (installed 5 years ago)
  • Tiled commercial kitchen floor

Storeroom Features

  • Plasterboard interior
  • A-frame ceiling with manhole access
  • Tiled floor
  • Commercial air-conditioning unit
  • Roller door for deliveries
  • Double stainless-steel wash bench
  • Spray nozzle and drying space

Caretaker's Residence

  • Two-bedroom unit
  • Open-plan kitchen, dining and lounge
  • Front sliding door and rear access door
  • Bathroom with shower, toilet, hand basin, laundry facilities and exhaust fan
  • Kitchen includes pantry, drawers, bench space, sink and cupboards
  • Chef 4-burner gas stove, grill and oven

Verandas

  • 4 m wide on three sides
  • 2–2.5 m wide at rear
  • Natural concrete flooring
  • Open C-section beam construction
  • Colorbond roofing with bullnose awning
  • Colorbond walls
  • Coach lighting and decorative fairy lights

Public Toilets

  • One accessible/unisex toilet with handrails and hand basin
  • Second toilet currently used as storage
  • Plumbing installed for conversion to a second bathroom
  • Biocycle effluent system

Land Use

  • Front section contains shop and caretaker's residence
  • Bitumen driveway
  • 8 car parks
  • Rear section cleared in 2021 ( for Caravan Park and Tourist centre)

Water Supply

  • Bore-fed water system
  • Water stored in tanks with pressure pump
  • Rainwater collection system
  • Bore output: 0.6 litres/second
  • Bore depth: 82 metres
  • Pump depth: 80 metres
  • Potable water tested annually

Power Supply

  • Solar panels installed
  • 50 kW battery array
  • Grid-connected
  • Can operate on battery power or Ergon Energy supply

Situated On the Kennedy Highway Gateway to West

  • Atherton 42 km
  • Cairns 118 km
  • Cooktown 243 km
  • Charters Towers 284 km
  • Townsville 334 km
  • Karumba 634 km

Asking Price
$850,000

Property Information

Real Estate:

Real Property Included

Living Accommodation:

The building encompasses a shop retail area and a two bedroom unit with kitchen lounge and dinning room and bathroom/laundry.

Location:

The Store/Development approval is 7km from Ravenshoe on the Kennedy Highway - the Gateway to the West

Planning Consent:

The development will expire in 2029 but has the potential to be extended for another 6 years.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

The Tourist Park and Function Facility has been approved and can be commenced at any time.

Reasons for selling:

Retirement

Trading hours:

Trading hours is 7 days a week Sunday to Wednesday 9am to 7.00pm and Thursday to Saturday 9am to 8.30pm.

Employees:
The business currently has 10 employees.
Years established:
11 years

Other Information

Related Documents: