Ballinger Road commercial property hits the market in Buderim

A piece of prime commercial real estate is up for grabs in the heart of Buderim’s CBD.

Ray White Buderim’s Lloyd Edwards and David C Smith of Ray White Commercial Noosa and Sunshine Coast North at the Ballinger Road property.

Two suites in a Buderim building are for sale by expression of interest with two local veterans of the real estate industry joining forces on the listing.

Ray White Buderim's Lloyd Edwards and David C Smith from Ray White Commercial Noosa and Sunshine Coast North are offering suites 10- 12 at 3-5 Ballinger Road.

The offering is three separate titles comprising a total area of about 211sq m.

"The vendor of this property has been a very successful businessman on the coast for over 30 years and he's now going to pursue other interests," Mr Edwards said.

"He won't lose touch with the property as he's subleasing a small area of the total area from the new lessee who has taken over the successful financial brokerage company.

"The new lessee has a long-established career in financial services."

Suites 10-12/3-5 Ballinger Road in Buderim are for sale by expressions of interest.

The office space is currently leased out to a long established financial planning company.

Six undercover basement car parks are also attached to the tenancy.

Mr Smith said the current lease ran until August 31, 2026.

"(It) has an additional three-year option with annual rent reviews," Mr Smith said.

"The current annual rent is $94,950 with the next three per cent increment due on 1 September 2021.

"Secure Investment opportunities seldom become available in Buderim Village.

"This offering represents an excellent opportunity to secure a well-positioned commercial investment in the high growth CBD of Buderim on the Sunshine Coast."

Expressions of interest close on May 14 at 4pm.

Originally published as Ballinger Road commercial property hits the market in Buderim