Auction details
- Auction27August
Auction location: On Site
Contact the agent if you'd like further information.
Enquire with AgentRetail for Sale in Parrearra
Rare Waterfront Investment Opportunity in Kawana Waters
- Building/Land: 224m²
Next Steps:
Enquire with agentAdditional Information:
More InfoDavid Goldsworthy and Samuel Hoy from RWC Northern Corridor Sunshine Coast are pleased to present 3/5 Grand Parade, Parrearra to the market for sale via Auction.
Positioned within the tightly held Kawana Waters precinct, this exceptional waterfront commercial investment presents a rare opportunity to acquire a fully leased asset underpinned by secure income, quality lease terms and long-term investment fundamentals.
Generating an income of $194,728.40 per annum*, the property comprises 224m² of lettable area* and is fully leased to 2 established commercial tenants. Both leases are secured on 3 year terms with 1 further 3 year option, incorporating fixed annual rental increases, providing investors with immediate cash flow and built-in rental growth.
Occupying a prominent position within a boutique commercial complex overlooking Double Bay Park, the property benefits from an irreplaceable waterfront setting, surrounded by the established Kawana Waters residential catchment. Opportunities to acquire income-producing commercial investments in this tightly held location remain exceptionally limited.
Property Highlights
• Fully leased waterfront commercial investment
• Rental income of $194,728.40 per annum*
• Total lettable area of 224m²*
• Fully leased to two established commercial tenants
• Both leases comprise 3-year terms plus 1 x 3-year option
• Fixed annual rental increases providing built-in income growth
• Boutique commercial complex within the heart of Kawana Waters
• Overlooking Double Bay Park with picturesque water views
• Approximately 5.2km to the future WAVE Project - Birtinya Station
Why Invest in the Sunshine Coast?
The Sunshine Coast continues to be one of Australia's strongest regional investment markets, supported by billions of dollars in public and private investment. Landmark projects including the Maroochydore City Centre, Sunshine Coast Airport expansion, the WAVE Project, the Sunshine Coast University Hospital precinct, and ongoing transport infrastructure upgrades continue to drive employment, population growth and commercial demand across the region.
Combined with secure lease structures, fixed rental growth and a tightly held waterfront location, 3/5 Grand Parade, Parrearra represents an outstanding opportunity to secure a high-quality commercial investment with enduring long-term appeal.
Auction on site Thursday 27 August at 2pm
To arrange an inspection, contact David Goldsworthy and Samuel Hoy from RWC Northern Corridor Sunshine Coast
224m²
224m² / 0.06 acres
Kawana Waters Local Plan
Tenanted
Next Steps:
Enquire with agentAdditional Information:
More InfoThis property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Investment Information
Fully Tenanted
N/A (Marketed Without Price)
N/A (Marketed Without Price)
* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.
All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply
Agents
- Loading...
- Loading...