TWO local veterans of the real estate industry have joined forces to offer a first level commercial investment in the heart of the Buderim CBD.
Lloyd Edwards of Ray White Buderim (below left) and David C Smith of Ray White Commercial Noosa and Sunshine Coast North are offering suites 10-12/3-5 Ballinger Road for sale by expressions of interest.
The offering is three separate titles comprising a total area of 211sq m* and there are six secure undercover basement car parks attached to the tenancy.
“The vendor of this property has been a very successful businessman on the coast for over 30 years and he’s now going to pursue other interests,” Mr Edwards said.
“He won’t lose touch with the property as he’s subleasing a small area of the total area from the new lessee who has taken over the successful financial brokerage company. The new lessee has a long-established career in financial services.”
“The lease runs until 31 August 2026 and has an additional three-year option with annual rent reviews. The current annual rent is $94,950 with the next three per cent increment due on 01 September 2021,” Mr Smith said.
“Secure Investment opportunities seldom become available in Buderim Village and this offering represents an excellent opportunity to secure a well-positioned commercial investment in the high growth CBD of Buderim on the Sunshine Coast.”
*Approximately.
As we lead into summer, commercial property investors should be taking proactive steps to safeguard their assets against the risks of extreme weather, such as wild storms and dry conditions.
Competition for limited commercial space in Noosa’s Hastings Street is hotter than ever, with an influx of high-end and luxury brands.