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