Retail site hits market
Renovated retail premises with national tenants hits the market
Transact Property Group associate director Daniel Cullinane at the Sunshine Coast’s best retail assetTransact Property Group associate director Daniel Cullinane at the Sunshine Coast’s best retail asset
ARGUABLY the Sunshine Coasts best retail asset has hit the market with an expectation that it will create a frenzy among investors from all over the country.
Situated in one of the Sunshine Coast’s pristine hinterland locations, One Currie Street has recently undergone an extensive renovation resulting in a new 10-year lease to both Super Cheap Auto and Snap Fitness and a new five year lease to Ray White.
The expressions of interest campaign commenced on Thursday with Transact Property Group associate director Daniel Cullinane expecting an influx of enquiry from investors looking to capitalise on a prime retail asset in one of the economically exciting regions in Australia.
‘The enquiry level currently in the market from investors who are seeking to place capital in the Sunshine Coast Region is unbelievable,’’ Mr Cullinane said.
“There is so much confidence in future of this city following the unprecedented levels of economic and infrastructural development such as new multi-billion-dollar Maroochydore City Centre, the Sunshine Coast International Airport and the $1.8b Birtinya University Hospital Precinct.
“The opportunity to acquire One Currie Street is one that fundamentally makes sense for investors.
“The investment is underpinned by long leases to three highly reputable and desirable companies in an economy that is emerging to become of one of Queensland’s leading business, health, education and tourism destinations.’’
Once Currie street is a two-level freestanding building with a total net lettable area of 2155sq m and 64 exclusive undercover car parks and a net passing income of $428,023. Located on Nambour’s main arterial road the asset is perfectly positioned between two major shopping centres and a range of other professional and retail amenity.
The One Currie Street, Nambour is for sale via international expressions of interest closing 4pm on September 4.
For further information please contact Daniel Cullinane, associate director at Transact Property Group on 0431 278 806 or via email on danielc@transactpg.com.au.
