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LUXE COMMERCIAL

5 Lutana Street Buddina, QLD 4575

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5 Lutana Street,
Buddina, QLD 4575

Shop & Retail • Offices • Medical & Consulting

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LUXE COMMERCIAL
Chris Sales

LUXE COMMERCIAL

Suite 1, 26 Duporth Ave
MAROOCHYDORE, QLD 4558
04048665...
LUXE COMMERCIAL
5 Lutana Street
Buddina, QLD 4575

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ULTIMATE RETAIL INVESTMENT – FULLY LEASED

  • FUTURE DEVELOPMENT UPSIDE
  • MULTI-TENANTED ASSET
  • 3.2% ANNUAL INCREASES
On behalf of the vendor, Luxe Commercial are proud to present to the market for sale, 5 Lutana Street in Buddina.

The Paradise Centre is located within an established retail and commercial precinct associated with nearby Mirvac Kawana Shoppingworld, approximately 8 kilometres southeast of the Maroochydore CBD and possesses exposure to the busy main arterial road Nicklin Way.

The property comprises an amalgamation of 4 separately titled allotments with a total land area of 1,969sqm and is improved with a modern two-level retail and commercial office building incorporating 12 separate tenancies ranging in size from 53sqm to 330sqm which provides a total net lettable area of 1,442sqm.

Anchored by multiple national lease profiles, the property is leased to a diverse mix of food, service, retail and commercial office tenants. The modern suburban asset also boasts inherent future development upside under its 'District Centre' zone designation which features a height overlay of up to 21 metres.

Investment Highlights:

• Multi-tenanted asset providing a reduced risk profile and an impressive WALE of 3.5 years.

• Net Leases include annual reviews varying from CPI - 4% with market reviews at option periods.

• Modern building has been well maintained and has no obvious capital expenditure requirements.

• 28 car spaces located at the rear of the complex plus additional unmetered street parking.

• Significant depreciation benefits and no body corporate levies providing for lower outgoings.

• Strong rental growth underpinned by significant infrastructure commitment and unrivaled population growth.

Net Income: $598,197.64 pa*

Expressions of Interest closing Thursday 15 July at 4.00pm AEST (unless sold prior)

For further information and access to the detailed due diligence file please contact the exclusive marketing agent.

*approx.

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Property ID: 503851530Last Updated: 16 Sep 2021

LUXE COMMERCIAL
Suite 1, 26 Duporth Ave
MAROOCHYDORE, QLD 4558
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