Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Landmark Commercial Property in Beachfront Location Up for Sale

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Landmark Commercial Property in Beachfront Location Up for Sale

Article excerpt

THE high profile Sunshine Coast retail and commercial precinct of The Sebel Resort in Maroochydore has been released to the market for immediate sale.

Trident Corporation has appointed Savills as the exclusive marketing agent for the 14 ground-floor retail shops and adjoining three-level commercial office component of the beachfront resort, located at 14-20 Aerodrome Road.

The 1,543sq m of retail space, plus alfresco outdoor areas, and 1312sq m within the office tower offers an astute investor a potential net annual income of approximately $1.16million (when fully leased) and is for sale by offers to purchase closing November 20.

The property is available for purchase in one line or alternatively as separate components consisting of: the office tower and its three ground floor shops; the resort's nine ground floor shops in one line or as individual strata titled retail shops, starting from $195,000 plus GST.

The 14-level, 104-apartment The Sebel, located directly opposite Maroochydore Beach on Aerodrome Road, was developed by Juniper Development Group and is managed by Mirvac Hotels & Resorts. Trident Corporation purchased the resort's retail and office components in 2007.

Savills Sunshine Coast divisional director Jerry O'Reilly said The Sebel offering represents a rare investment opportunity at a time of a critical shortage of quality retail and commercial stock on the Sunshine Coast.

"The Sebel is an iconic investment opportunity in a high-profile beachfront location, within close proximity to the rapidly maturing Maroochydore Town Centre," Mr O'Reilly said.

"Unlike eastern seaboard capital city CBD markets, the Sunshine Coast is not flooded with investment stock and any prime properties that have come onto the market in recent times have been quickly snapped up, with prices and yields holding firm. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.