Beachside Commercial Precincts in Hot Demand
Sunshine Coast beachside strips have become tightly held commercial precincts. From Noosa to Caloundra, demand from business owners and investors is up.
A Noosaville industrial unit leased to a bakery has been sold for $600,000 by Ray White Commercial Noosa & Sunshine Coast North.
Unit 20, 11B Venture Drive was purpose-built for use as a commercial kitchen — and these are hard to find in Noosaville, according to agent Tracey Ryan.
“Our savvy interstate investor made several trips to inspect the property before negotiating aggressively to secure the property,” Ms Ryan says.
“The vendors, who live interstate, were looking to invest in a property closer to home and decided it was time to put it on the market.”
The property is in a 25-unit complex with metal decking and block buildings.
Surrounding businesses include other food businesses as well as a mechanical workshop.
“Noosaville continues to be short of commercial kitchens,” Ms Ryan says.
“The 260sqm tenancy, which includes a large grease trap and exhaust system, is leased to the bakery until 2020, with an option to extend.
“The net return is $51,766 per annum and the sale represents a yield of 8.6 per cent.”
Sunshine Coast beachside strips have become tightly held commercial precincts. From Noosa to Caloundra, demand from business owners and investors is up.
With the 2032 Olympic and Paralympic Games on the horizon, the Sunshine Coast is undergoing a period of significant growth – and our Maroochydore team is perfectly placed to help clients capitalise on the momentum. As part of RWC Noosa & Sunshine Coast, the Maroochydore office is home to a … Read more