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Coolum Beach Industrial Investment Sold
An investment opportunity in the popular Coolum Beach industrial precinct on the Sunshine Coast has been sold by Ray White Commercial Noosa & Sunshine Coast North.
The 364 sqm shed at Unit 1 4 Access Crescent, Coolum Beach, was sold to a local investor for $618,000 by Tracey Ryan of Ray White Commercial Noosa & Sunshine Coast on behalf of a Brisbane developer owner for a yield of 6.8 per cent.
Tracey Ryan said the property has an established tenant on a long-term lease and is returning net rental income of $42,220 per annum.
“This investment opportunity was sold on behalf of a Brisbane developer divesting his last industrial shed in the original three-unit development,” she said.
“We originally negotiated the lease of the unit to a national tenant and now we have sold it to local investors.
“The property is at the front of the complex and offers excellent exposure. The warehouse is a high clearance quality shed which has been well constructed with an amenities block and office. There is also ample off-street parking.”
Tracey Ryan said the Coolum industrial area is finally coming into its own with steady growth in demand for both sales and leasing properties.
“Ray White Commercial Noosa & Sunshine Coast North has also recently sold several off the plan sheds in this estate,” she said.
The RWC Noosa & Sunshine Coast commercial property consultant is known for developing strong relationships and outcomes that benefit all parties.
The Sunshine Coast maintains a tight grip on its office space, boasting a 5% vacancy rate, the bright spark in an otherwise gloomy national office market.