Commercial sale in Sunshine Coast growth hotspot

Savills in conjunction with CBRE has been appointed to market for sale a commercial building home to ANZ Bank’s Maroochydore branch on the Sunshine Coast.

Located at 127-137 Horton Parade, the property consists of a three-level building comprising a NLA of 1,826sq m and a single level building with a NLA of 499sq m.

Located in the Sunshine Coast’s major growth centre, Maroochydore, the property is anchored by ANZ Bank and includes a further five tenancies, of which four are occupied. Other tenants include Projex Partners, Sunshine Coast Council, Department of Veteran Affairs and Fisher Dore Lawyers.

The property is underpinned by a site area of 2,978sq m and features a total of 66 car bays providing an annual net income of circa $861,000.

Savills Jason O’Meara has been appointed to steer the sale campaign in conjunction with CBRE’s Rem Rafter and Tony Justo.

“The property also offers an attractive tenancy profile, anchored by a major bank in addition to government and corporate tenants. This provides immediate income security in one of the Sunshine Coast’s most sought after destinations,” Mr O’Meara said.

The Queensland State Government has designated Maroochydore as the Sunshine Coast’s Principal Activity Centre, with a slate of development projects earmarked for the area over the next 10-15 years.

“With a number of major projects planned, including the Maroochydore CBD development, Sunshine Plaza, airport expansion and the new medical hub at Birtinya, this property is ideally positioned to reap the commercial benefits of investment in the region,” Mr Justo added.

The property is being offered for sale via Expressions of Interest closing 12 noon on Wednesday 19 September 2018.

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