Newspaper article News Mail Bundaberg Qld.

Rare Option in Prime Position

Newspaper article News Mail Bundaberg Qld.

Rare Option in Prime Position

Article excerpt

A MINYAMA retail development on Nicklin Way on the Sunshine Coast is being offered to the market for the first time in more than 25 years.

CBRE agent Tony Justo said the fully leased development at 1 Eden St was located on a high-profile corner of the Coast's most recognised, commercially developed arterial road.

"This tightly-held precinct has historically low vacancy rates and is consistently sought-after by tenants, owner operators and investors," Mr Justo said.

"The five national brands within 1 Eden St have a combined occupancy of more than 99 years, which speaks volumes for the location."

The 1 Eden St retail development is positioned on a 5838sqm corner allotment fronting Nicklin Way, with three-street frontage (Eden St, Longwood St and Nicklin Way).

"This is a solid investment with all shops leased to national tenants, with an average lease expiry of 5.2 years and lease renewal options to 2024 in some instances," Mr Justo said. …

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