Building a Resilient Commercial Property Portfolio
In a competitive market, it’s strategic investors who are snapping up properties with high growth potential. It helps to diversify across location and asset classes.
QUEENSLAND was set to welcome the state’s very first Deus Ex Machina store as a five plus five-year lease was signed at 15 Noosa Drive in Noosa Heads.
The property, that offered a brand-new 129sq m* building, had an amazing position on an unrivalled site on the intersection of Noosa Drive and Noosa Parade.
The asset was marketed and leased by Ray White Commercial Noosa and Sunshine Coast North Directors Paul Butler and Paul Forrest.
Mr Butler said the property was a newly-built stone and timber building at the gateway to Noosa’s famous Hastings Street.
“New tenants Nick and Candice Hirons, formerly of Melbourne restaurant Hungry Bear and fashion store G-Star RAW, are opening Queensland’s first Deus Ex Machina store,” he said.
“The new building replaced the original Noosa Post Office property that was beyond the point of refurbishment.
“The new-build is a simple statement piece that recognises its position at the entry to this extremely popular destination.
“Every car going to Hastings Street has to go past this site and the lease deal will produce $170,000 p.a. plus outgoings plus GST.”
*Approximately.
In a competitive market, it’s strategic investors who are snapping up properties with high growth potential. It helps to diversify across location and asset classes.
With a background in commercial finance, Adam Morley brings a deep understanding of development and acquisitions to commercial property transactions.