Tenanted Investment Opportunity on Caloundra Waterfront
A tenanted investment opportunity in a waterfront location at Caloundra on the Sunshine Coast is being offered for sale via auction through Ray White Commercial Caloundra.
The strata titled lot divided into two tenancies at 5/38 Esplanade Bulcock Beach, Caloundra, is being marketed by Len Greedy and Alan Gray of Ray White Commercial Caloundra.
Len Greedy said the recently refurbished property is leased to Edge Expresso Bar and Coastal Ocean Arts and is returning net rental income of $44,866 per annum.
“This investment opportunity is in a highly desirable location directly across from Bulcock Beach and its iconic boardwalk,” he said.
“The property offers magnificent water views across the Pumicestone Passage to Bribie Island.”
Alan Gray said the offering is an ideal addition to any property portfolio and is a must inspect for experienced or first time investors.
“Caloundra is coming of age and is an integral part of the Sunshine Coast’s growing economy with recent reports indicating that it is the second highest performing non-capital city in Australia,” he said.
.“There are two tenants in this commercial property which de risks the investment with one of the tenants trading here for more than 14 years.
“The tenancies have a total net lettable area of 72 sqm and both tenancies have a modern fit out and utilise the outdoor walkway for trade.”
The property will be auctioned at 11am (AEST) on Thursday, February 2, 2017, in rooms at The Events Centre, 20 Minchinton Street, Caloundra.