Stunning Waterfront Commercial Investment Property in a Captive Market

Lot 3, 5 Grand Parade (Kawana Island), Parrearra, Queensland 4575

Retail / Retail / Retail For Sale

For Sale
Floor Area: 224.00 m2.    
Sale Price: $1,800,000.00.

Car Spaces: 9   

Description

Located on Kawana Island, central to the Sunshine Coast, this architect designed waterfront strata titled property is being offered for sale.

The anchor tenant and restaurant and bar is operated by a successful chef with a lease in place with option to 2025. Also adjoining is a convenience store with a new lease until November 2021. Being the only convenience store and one of only two restaurants on Kawana Island it enjoys a "captive" residential market.

- Nett annual income of $120,328pa*
- 4% annual increases
- 224sqm* retail space with stunning fit out
- Additional waterfront alfresco area of 259sqm*
- Exclusive car parks on grade (9)

A sound property investment on the shore line of Kawana Island's Double Bay.

For Sale - $1,800,000.

Contact exclusive marketing agents Daniel Vella on 0422 373 990 or Brad Moore on 0488 773 033 to obtain additional information.

Retail Investment / SEQ Investment / Retail Property / Beachfront / Sunshine Coast Investment / Sub 2 Million

Features

  • Riverfront 224m2+259m2 enclosed outdoor
  • Captive market
  • Return $120,328pa* plus GST

Specifications

Car Parking Details 9 car parks

Map

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