5.23% Net Return: Noosa Riverfront Investment - Renewed 5+5+5 Year Lease

David Brinkley and Tracey Ryan from Ray White Commercial are pleased to present Shop 2, 229-231 Gympie Terrace to market for sale.

Situated in Noosaville's tightly held riverfront commercial strip, this is an investment opportunity not to be missed.

PROPERTY FEATURES:

• Zilba Lifestyle Footwear have renewed their lease for a 5 year term (commenced December 2022) and have a further 5 year + 5 year option to follow
• Net income $64,151 per annum* + outgoings + GST (5.23% net return)
• $11,330 security bond plus personal/director guarantees
• Prominent central position in the highly sought after Gympie Terrace retail/dining/residential precinct
• Favourable northerly aspect with stunning views out across the Noosa Riverfront
• 56m²* internal shop area plus 20m²* licence to use undercover terrace area and 4m²* storage room
• Neighbouring tenants include Raw Energy cafe and new tenant Baxter's Bar & Deli

Call or email David Brinkley or Tracey Ryan to inspect the property or for further information.

Our team is strategically located in offices in Noosa, Maroochydore and Caloundra to handle your commercial, industrial and retail property needs across the Sunshine Coast.

Noosa & Maroochydore offices: 5474 7600 | noosacommercial.qld@raywhite.com
Caloundra office: 5491 4600 | caloundracommercial.qld@raywhite.com

* Approx.

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