Two Retail Showroom Units for
the Price of One

The Details

Location: Sunshine Coast, QLD 

Type: Commercial

Purchase Price: $450,000

Net Rent: $27,000

Net Yield: 6.00 %

Cashflow: $8,445 (70% loan at 6.5%)

Lease: 3 year lease 

Total area: 178 SQM  

WHY WE LOVE THIS PROPERTY:

The property benefits from the easy motorway access to Coronation Avenue and to Bruce Highway

Additional 38m2 of net lettable area picked up during due diligence

2 side by side retail/showroom units 

Currently rent is undervalued so future potential upside 

Tenant occupies other units in the complex further locking them to this location long term

Negotiated upcoming bathroom upgrade and air conditioning upgrade off asking price during DD