Heritage Rockhampton building to go under the hammer

A heritage-listed building which was earlier the home of Rockhampton Post Office is going under the hammer at Burgess Rawson auction on April 5.

The iconic building at 80 East Street, Rockhampton City, Qld 4700 is one of the top five ”Nobel Edifice" ranked buildings in Australia.

The building is fully leased with terms to 2022 with options for extension till 2032. The property earns a net Income of $458,902 per annum.

Tenants include Degani Bakery Café (Jolt Café), which has 78 stores in Queensland and Victoria, The Ranch Bar and Grill — a Texan-inspired restaurant, and Fitzroy Basin Association, a government-funded natural resource body.

It has a land area of 1,863 square metres and floor area of 1,368 square metres.

The current owner has refurbished the building with a new lift, airconditioner, electrical wiring and internal fittings.

The property last traded for a little more than $1.4 million in 2008, according to RP Data. The vendor was Central Queensland University. 

It has a site area of 1,863 square metres with a net lettable area of 1,368 square metres. 

The listing agents are Shaun Venables and Jamie Dewe of Burgess Rawson.