Freehold Investment with Government Tenant | 6% Return

Emily Pendleton and Abi Rowlands from RWC Northern Corridor Group are pleased to present to market this freestanding, high profile corner site which has been newly renovated with absolutely nothing left to do. It will be totally set and forget for you to collect the income from these high profile government tenants who assist the local area with employment and disability services.

The property is situated on a corner block of 439m2* with dual street access on the busy Howard Street and Currie Street. Located on arguably the most prominent corner in Nambour, this high profile site has ample value add/development opportunities with strong holding income and a secure tenant that is rare as hens teeth to find. The tenants have spent considerable money on their internal fit out to set the building up perfectly for their business long term including electric doors, multiple access points, individual consult rooms, reception area, new flooring and ducted a/c throughout.

Property Highlights:
• 499m2* building area over two levels
• 438m2* total land area (including 6 car parks and an enclosed garage/storage area
• A-grade fit out with considerable money recently spent to bring it up to government standard
• Set & forget property with absolutely no maintenance as all money as been spent (including new roof and air-con)
• High profile corner site with potential to build up to 25m in height (STCA*)
• Tenant: Community Solutions (Government Tenant)
• Current Rent: $73,800 (+ 100% outgoings paid by the tenant)
• Lease Commencement: 1 July 2022
• Lease Expiry: 30 June 2024
• Lease Options: 3 x 2 years

For further information or to arrange a viewing please contact the exclusive marketing agents Emily Pendleton or Abi Rowlands.