7% net return - Five Tenanted Retail Shops

18 Memorial Avenue, Pomona presents an opportunity to secure your own strip of shops on one title in this historic Noosa Hinterland town.

The shops have a great tenancy mix with hair and beauty and three food businesses, each targeting their own market. With their upgraded condition, popular sizes and affordable outgoings, the shops are an attractive proposition to current and potential tenants.

The properties are centrally located and enjoy good main road exposure and plenty of passing foot traffic from surrounding successful businesses such as the Pomona Distilling Company. Rental increases and new leases have been recently negotiated and will come into effect in May and October 2022.

FEATURES

• Five fully tenanted shops each of approximately 41m²* - 46m²*
• Total floor area 235m²*
• Land area 341m²*
• Tenancy mix includes a beauty salon, dessert shop and burger bar/cafe
• Car parking for Shop 5
• All shops are renovated and in good condition
• Current net return $96,636* (rising to $100,257* after rental increase in October)

Call or email David Brinkley to inspect the property or to find out about other suitable options.

Our team is strategically located in two offices across the Sunshine Coast region and is ready to handle your commercial, industrial and retail property needs today so call or email now.

* Approx.

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