ATTRACTIVE LONG TERM PROSPECT IN BOOMING AREA

The Details

Location: Sunshine Coast, QLD

Type: Off-market Commercial

Purchase Price: $540,000

Net Rent: $34,000

Net Yield: 6.3%

Cashflow: $23,190 per year (70% loan @ 2.5%):

Lease: 1 + 3 year lease

Site Area: 65m2

Exclusive Area: 19m2

Why we love this property

Located in a prime office/retail precinct

Picked up in DD tenant was receiving rental incentives, negotiated the difference in rent be paid in cash to the buyer at settlement

Excellent frontage to capitalise on business exposure

Flourishing area for residential and commercial development

A solid mix of tenants which shows diversity in the property

Secure and well-established tenant in place