Case Studies

Burns Centre 2, Lots 2, 3 & 4, 3 Burns St, Buddina

Highly Sought After Investment Leased to National Dental Group

‘Burns Centre 2’ comprises four strata titled single level lots in one line. Three of these Lots (2, 3 & 4) have been amalgamated and are currently being leased to National Dental Care (NDC Australia Pty Ltd) on a 5 year lease with a further 3 options of 5 years.

The location is second to none and is in close proximity to Kawana Shoppingworld and the Kawana Hospital Precinct.

This result was achieved after the owners invested in a comprehensive marketing campaign with enquiry both locally and from Brisbane.

The buyer was a Sunshine Coast investor who secured the property prior to auction.

A national tenant, the properties location and future redevelopment potential were the perfect mix for the purchaser.

Sales Analysis*
Method of Sale:Auction
Marketing Time Frame:4 weeks
Sale Date:23/03/2016
Total Enquiry:39
Marketing Budget:$13,305.00
Sold:Prior to Auction
Sale Price:$1,700,000
Tenanted Net Income:$120,750 per annum
Yield:7.1%
Building Area:216m²*

*approx

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