Investment Opportunity with National Tenant

This is a prime retail property of 247 m2* in the heart of Maleny, and is leased to Australia Post on a 6 year lease.

It is situated at the start of the main street next to other major retail outlets the property is in the popular Maleny Riverside Centre along with 16 other businesses such as Suncorp Bank, chemist, optometrist, a real estate agency, restaurants, cafes, a butcher, Jewellers, Travel agents, etc.

This result was achieved after the owner invested in a comprehensive marketing campaign with enquiry both locally and from Brisbane.

The purchasers are Sunshine Coast investors who identified the property as being a solid investment to add to their portfolio.

 

Sales Analysis
Method of Sale:Auction
Marketing Time Frame:4 weeks
Sale Date:16/06/2016
Total Enquiry:24
Marketing Budget:$6,643.00
Sold:Under the hammer
Sale Price:$880,000
Tenanted Gross Income:$85,000.00 pa
Net Yield:7.8%
Bids Received:9
Auction Attendance:4 Registered Bidders
Buildings Area:247m²*