Description
Premium Retail Investment Opposite Bunnings & Anaconda
Retail Sold - Birtinya QLD
+ Absolute blue-chip growth location opposite Sunshine Coast’s largest Homemaker Centre – anchored by Bunnings, Anaconda & Spotlight
+ Close proximity to Stockland Shopping Centre (anchored by Coles & Aldi and one of Australia’s largest health precinct including the new $1.8 billion State-Of-The-Art Sunshine Coast Hospital
+ Long term secure leases of 15 years, 8 years, 6 years and 5 years. Strong WALE of 5 years
+ Excellent depreciation benefits, potential for 43% of the first years income to be free of income tax
+ Anchored by a long term head lease to Subway with complimentary tenants Decisions Café, Mint Espresso Bar and Body & Face Co.
+ Strong rental growth, fixed compounding 4.0%, 3.0% & CPI annual rent increases
+ Building 2 is ideally located at the entrance of ‘Capital Place’ with maximum road frontage to Capital Place & Kawana Way – over 40,000 vehicles passing daily
+ Modern retail building of 361 sqm, situated in the exceptionally busy retail centre of ‘Capital Place’ – an overall lettable area of 5,968sqm on a prominent site of 1.27ha
+ Kawana/Birtinya: Major growth location. Sunshine Coast is set for significant growth over the next 20 years with population forecast to grow by over 32%, from 351,424 to 518,004 by 2041
+ Net Income: $168,126 pa + GST
To be sold by Burgess Rawson Investment Portfolio Auction:
11.00am (AEDT), Wednesday 24 February 2021
This property is being sold by auction, or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Property Features
- Retail
- Land is 17,200 m²
- Floor Area is 361 m²
Commercial Features
Highlight 1
Secure 15 year lease to Subway
Highlight 2
Fixed 4.0%, 3.0% and CPI rent increases
Highlight 3
40,000 cars passing daily
