Property investors can bank on Buderim
Quality investment opportunity in strong growth area of Sunshine Coast a highly sought-after commodity
Sunshine Coast
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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
Originally published as Property investors can bank on Buderim
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