Multi-Tenanted large format retail with national tenants in a-grade location

The Details

Location: Sunshine Coast QLD

Type: Commercial

Purchase Price: $4,475,000

Net Rent: $285,000

Net Yield: 6.4%

Cashflow: $105,000 per year (70% loan @ 5.5%)

Lease: 4 YEAR WALE with options of 1 x 7 year, 1 x 6 year and 1 x 5 year respectively

Building Area: 1,150 sqm split across 3 tenancies

WHY WE LOVE THIS PROPERTY:

Long-term WALE with strong national tenants 

Fantastic corner exposure with 60,000 vehicles passing daily

Large central customer car parking

Located near multi-billion dollar Sunshine Coast Hospital with several other large residential projects targeted for the area

Negotiated a delayed 5-month settlement for a reduced price of $175k!