PROPERTY DESCRIPTION
NOW SOLD by Property & Estates Sunshine Coast.
With a combined income of $116,559* – 53 Burnett Street Buderim is without question one of the most significant commercial / investment options on the market. Having being held by the one owner for 25 years the time has come to sell this prized blue-chip investment.
4 x retail tenancies with a combined nett lettable area of 191m2. All spaces are leased at a combined approx. rate of $610pm2 pa. Off street parking at rear of building is accessed by side driveway easement. The building is considered to be in excellent condition with no outstanding maintenance issues
With the strong holding income this property presents the ideal investment opportunity for the long term investor. The cashflow allows the property owner time to consider a strategically designed development to benefit the site with potential outcomes ranging from a mixed residential / commercial use, 100% commercial / medical / retail. The height limit of 8.5m is advantageous to the above scope of outcomes which are Subject to Council Approval (STCA).
The highly advantageous ‘District Centre Zoning’ allows scope to consider many uses aligning with your forward planning.
Property Summary;
53 Burnett Street
* 4 x retail shops with a combined nett lettable area of 191m2.
* All spaces are leased at a combined approx. rate of $610pm2 pa.
* Off street parking at rear of building is accessed by side driveway easement.
* The building is considered to be in very good condition with no outstanding maintenance issues.
Investment opportunities of this calibre are rarely offered with astute blue chip investors and developers certain to recognise the holding cashflow combined with the real estate parcel of 470m2 presenting an irresistible real estate purchase.
Contact Exclusive Marketing Agent for the Information Memorandum, Tenancy and Leasing Income summary, survey maps etc.
Rick Williams
0411 893 465
rwilliams@propertyandestates.com.au
* Information contained within any marketing material, website or other portal should not be relied upon. Changes to availability and price may occur without notice at the discretion of the seller. All persons should make their own enquiries and seek their own independent advice with respect to any property advertised or the information about the property contained in any marketing materials.