9 Town Square Avenue, Moranbah QLD 4744

$590,000.00

2 parking

Tenanted Restaurant For Sale 8% ROI

Phone enquiries - please quote property ID 29558.

Located in the heart of Moranbah’s retail precinct is this 167Sqm fully licensed restaurant currently tenanted to The Roast Shack, arguably Moranbah’s most popular eatery.

The site is neighboured by Terry White Chemist & Big on Shoes. Also located in the town square is the Isaac Regional Council, Intersport, Oak Tree Medical Centre, Bi-Rite Electrical, and many smaller retailers. There is exposure to the CBD general pedestrian & vehicular traffic on a daily & nightly basis. Both from Town Square Avenue & Griffin Street.

The shop is currently leased for $52,000 per annum on a 3x3x3 term.

Property Details:
The total gross floor area of the property is approx. 167sqm, comprising of :
• Open dining/service front with seating for 28.
• Modern commercial kitchen.
• Dry storage room.
• Large office.
• Garaged storage area.
• Near new separate male & female toilets.
• 3000L Grease Trap
• 100 Amps of 3 Phase power
As the property is situated in the town square the property has free use of a landscaped covered alfresco area at the front of the shop which is approximately 9m x 5m which is included in the licensed area.
There is also a service/delivery lane at the rear of the store accessible from the garage roller door. Staff Parking & Bin area is located here.
Land & Improvements Summary:
Lot 5 on Crown Plan M97333 (Title Reference: 40022697)
Leasehold Land Area: approx. 167 sqm (9.1m frontage by 18.3m depth) Total Building Area: approx. 167 sqm
Site Coverage: 100%
Statutory Land Value (01/08/2021): $70,000
Zoning: Commercial
Statutory Outgoings:
State Govt Land lease: approx. $4,000 per annum.

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Property Details

• Type: Hotel/Leisure, Retail, Other
• Building Area: 167 m² (approx)
• Land Area: 1 m² (approx)
• Tenancy: Tenanted