Property investors can bank on Buderim

Quality investment opportunity in strong growth area of Sunshine Coast a highly sought-after commodity

TIMING and strategy is everything when investing in property. High quality commercial, retail

and industrial opportunities in strong growth areas such as the Sunshine Coast are sought-after commodities.

This Buderim retail property at 1/72 Burnett Street on the Sunshine Coast is a

great example of such a property. Ticking plenty of boxes, for prospective investors it has

high street visibility opposite the Woolworths anchored Buderim Marketplace, with 15m of street frontage.

Located 4km from the major arterial roads and 10km from the beaches of Mooloolaba the

site is in one of the Sunshine Coast's largest residential precincts.

Effectively split down the middle into two manageable tenancies the 303sq m premises is

leased by two reputable tenants on long-term leases with fixed annual increases of between 3% to 3.5%.

The Commonwealth Bank of Australia has a six-year lease to 2021, plus options to 2030.

The second premises is leased to the Danny Green-backed 12-Round Fitness chain on a five-year lease with options to 2026.

Returning a total annual net income of $139,725, both tenants pay all outgoings including

management fees.

On-site parking and street parking is considered substantial enough for the premises, while

the neighbouring tenants include Flight Centre with few vacancies over the years.

BUDERIM

1/72 Burnett Street

Features: 303sq m retail property with two major tenants: Commonwealth Bank of Australia and 12 Rounds Fitness. Both with fixed annual increases and paying for all outgoings. Net annual return: $139,725

Price: For sale by expressions of interest closing Thursday, May 18, 4pm

Agent: Chris Sales, Luxe Commercial Property

Contact: 0404 866 520