A LANDMARK property in the centre of Palmwoods is going to auction this month. It offers the opportunity of seven rental incomes.

Zoned village centre, the 506sq m holding contains the original Pages Cafe, dating back to 1912.

Today the property comprises a single unit dwelling, three professional offices plus restaurant and cafe, natural remedy shop and beauty therapist. All this on one title with a rental return of around $90,000 pa net.

“It is a pretty amazing property,’’ Mike Burns of Burns Property said.

“More than 100 years old, it is steeped in history.

“It is part of the town hub, an eclectic blend of cafes, studios and book shop.

“Opposite the railway line, you can get a meal, a coffee from Willow and Squirrel, there’s natural healing.’’

James Page established the cafe with his wife Margaret, specialising in hot meals, pies, tea and scones, as well as cold drinks, confectionary and fruit.

Mr Burns said Palmwoods had changed dramatically over the years. “A lot of larger blocks and rural lifestyle properties have been made residential. There are still a number of large parcels ear-marked for future urban zoning. 

“The old farm land - it’s a shame it’s no longer viable - is being opened up.’’

Details

10 Little Main Street, Palmwoods.

What: Palmwoods commercial investment opportunity.

Agent: Mike Burns and Meng Meng at Burns Property 0418 991 702 or
0426 282 229.

Features: Landmark retail, offices and dwelling in main street location, opposite railway. 

Zoned: village centre. Opportunity for seven rental incomes

Area: 506sq m

Price: Auction on Saturday, June 27, at 2pm

Inspection: Contact agent