INTEREST RATES ARE FALLING AND SO ARE CASH RETURNS. tHIS PROPERTY HAS HUGE GROWTH POTENTIAL AND A ROCK SOLID INVESTMENT HISTORY. the Sunshine Coast’s premier retail address, Nicklin Way. The property neighbours major tenants including Clarkes Rubber & Majer Tiles.
The Nicklin Way features a traffic flow of over 60,000 vehicles daily and is the main connecting artery between Caloundra and Maroochydore, linking to the Sunshine Motorway and Noosa. Other tenants along this road include Harvey Norman, Woolworths, Bristol paints, Super Amart, Red Rooster, McDonalds, Super Cheap Auto, Snooze, Pillow Talk, to name but a few.
Unprecedented population growth occurs adjacent to this location with Stocklands continuing development of Kawana, Kawana Island, and other significant developments along this busy stretch of the Sunshine Coast, which is estimated to represent 30% of the entire residential development on the Sunshine Coast.
3 year + 3 year lease. Tenant pays outgoings
Building area approximately 701 m2
Freehold land approximately 1250 m2 in area
Occupied as a tile business since 1989
Substantial on-site parking. 60,000 cars pass daily!
Approximately $124,800 net p.a. Plus GST
Auction 16th April 2009 in rooms at Portal House, Underwood, Brisbane