Cutting-edge opportunity for commercial property
A TENANTED retail unit within the Alexandra Beach Resort at Alexandra Headlands on the Sunshine Coast is being offered for sale by Ray White Commercial North Coast Central.
The 36sq m unit at 10/180 Alexandra Pde, Alexandra Headlands, is being marketed by Ray White Commercial North Coast Central's Emily Pendleton and is priced at $350,000.
"Positioned in a high-exposure location on the corner of Alexandra Pde and Pacific Tce, the retail space has strong visibility within an established commercial and residential precinct," Ms Pendleton said. "Owned by the same investors for 15 years, the property has had the retail business for 16 years. A new lease term of five years by five years commenced on December 1, 2013 and expires on December 1, 2018."
Tenanted by Wind n Waves Hair Salon, the tenancy is currently leasing at $30,000 per annum with fixed increases per year.
Estimated outgoings are paid entirely by the tenant with council rates at $2328.84 per annum and body corporate rates at $7973.64.
"Located only five minutes by car to the Maroochydore CBD, net returns of 8.6% net are solid and as the region grows and develops, the value of this property will continue to grow," he said.
Interested investors can contact Ms Pendleton on 0402 435 446 for an appointment.