QUALITY QUEENSLAND BEACHSIDE INVESTMENT

High quality beachside investments for less than $1 million are hard to come by, particularly those with long-term reputable tenants.

This ground floor option at the entrance to the luxury beachfront resort Monaco Resort in Caloundra on the Sunshine Coast is one such rarity.

This retail space is leased to long-term national coffee house tenant Shingle Inn, in a high traffic area to both cars and pedestrians opposite Bulcock Beach.

A great option for mum and dad investors or self-managed superfunds, the space offers 175sqm of NLA and a net return $49,075.31 per annum. The asking price is $725,000.

The lease expires on December 18, 2019 with an additional five-year option.

Bulcock Beach is a still water beach, which has boardwalks, piers and several family-friendly holiday resorts and restaurants. The Des Dwyer walking track starts at Bulcock Beach and follows the coastline on cliffs and boardwalks.

Bulcock Beach is a major tourist hub for Caloundra, enjoying ongoing beautification projects and new developments, including a recent streetscape upgrade.

Improvements included light features, reshaped roadway, better pedestrian access and street art. The changes have been welcomed by existing business owners, many of whom see the improvements for Caloundra as enhancing customer’s experience and a boost to local businesses.

Caloundra is the Sunshine Coast’s most southern community, 90km north of Brisbane and 55km south of Noosa Heads.

For full information on the listing head to the Luxe Commercial website or by calling myself on 0404 866 520 or colleague Will Carman on 0497 866 555.

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