33 Production Avenue, Warana
A LOCAL investor has expanded their commercial property portfolio by spending $1.705M on two tilt-up buildings on one title at 33…
Caloundra, 87 Bulcock Street
A freehold property located in Bulcock St, the retail precinct of the Caloundra CBD. Comprises of two tenancies benefits from dual street access fronting Bulcock St with Farlow Lane at the rear.
This result was achieved after the owners invested in a comprehensive marketing campaign with enquiry both locally and from interstate.
The Brisbane investors who purchased the property identified the development upside due to it’s location in Bulcock Street and the growth of the Sunshine Coast.
Height Limit – 65 metresNet Income$45,595 per annum*Yield2.5%*Potential Gross Floor Area (GFA) (STCA)1,657.5sqm*Rate psm GFA$1,101 psm*Rate psm Land$8,258 psm*Sales Process Sales DateOctober 2017Sales Type Public Auction
| Sales Analysis | |
| Method of Sale | Auction |
| Marketing Time Frame | 6 weeks |
| Sale Date | 9/11/2017 |
| Total Enquiry | 21 |
| Marketing Budget | 5,916 |
| Sold | Under the Hammer |
| Sale Price | $1,040,000 |
| Tenanted Net Income | $72,664.32 |
| Bids Received | 6 |
| Auction Attendance | 2 Registered Bidders |
| Building Area | 352m2* |
| Land Area | 472m2* |
*Approximate
A LOCAL investor has expanded their commercial property portfolio by spending $1.705M on two tilt-up buildings on one title at 33…
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