9/20 Junction Drive,
Coolum Beach Queensland 4573
Price: $520,000 plus GST
7% Annual GRR Forecast: 276 Sq Mtr Warehouse/Showroom/Office Unit
CHAN DE SILVA with Jacqui Walker presents this 2-LEVEL FACTORY/SHOWROOM/OFFICE UNIT in Coolum Beach Queensland - with contemporary design and appraised to earn lease income of approx. $36,345/yr plus GST plus outgoings.THE ASSET:
- 2-Level factory/showroom/office unit
- Total floor area 276 sq mtrs (Lower: 153 sq mtrs; Upper: 123 sq mtrs)
- Selling vacant
- Buy for own purpose or lease-out
- Front position for better exposure
- Located on Focal Avenue in 'Focal Avenue Business Park' within the Central Park Coolum Industrial Estate
- 18 Industrial Units total, neighbours include valuer; builder; roofer; floorer; imaging technologist; sustainable water supplier; event manager; home accessories supplier; and education business
- On-site carparking
- Constructed from concrete tilt panels and glass, with suspended concrete mezzanine and suspended ceilings
PER EVIDENCE BELOW, Coolum is experiencing continued infrastructure expansion, specifically in the prestige accommodation and beachfront redevelopment sectors; causing likely positive impact on job numbers. This enhances likelihood of capital growth prospects and upward rent reviews for the commercial purchaser of this commercial property.
INVESTOR QUICK GLANCE:
- Selling vacant
- Commercial rent appraisal
--- $125-$135 per sq mtr
--- Equates to $32,040 - $36,345 per year plus GST plus outgoings
--- Results in likely approx. 7% likely annual gross rent yield
- Total Floor Area: 276 sq mtrs
- Unit 17, smaller, in this complex recently sold for around $465,000
OUTGOINGS:
--- Recent Body Corp: $681.62 gross quarterly
--------- Made up of $148.41 Admin; $222.75 Sinking; $310.46 Insurance
---- Recent General Rates: TBA
---- Recent Water Access Charge: $217.56 per 1/2 yr + use
--------- All of the above could be levied 100% upon future tenant
---- Annual Land Valuation Fee: $660.00
USEFUL SPECS:
- Disabled carparking space at front door
- Factory/Production/Warehouse Area
--- Internal clearance of 6 mtrs
--- Automatic remote-controlled rollerdoor
--- 3 phase power
- Lower Floor: approx. 153 sq mtrs
--- Reception area at streetfront
--- Display showroom with safety door to factory/production area
--- Light-filled office room captures corner aspect, view of street/carpark, air-conditioned
--- Handy storage room
--- Additional enclosed understairs storage room
--- Thoughtfully positioned telephone and power points
--- Lunchroom/kitchen with bench, fridge/freezer space, sink, overhead cupboards and reverse-cycle air conditioning
--- Restroom with toilet and washbasin
- Upper Floor: approx. 123 sq mtrs
--- Ducted air-conditioning
--- Light-filled large open-plan work area
--- 3 additional office rooms, 1 with enclosed IT-system server room
--- Can reconfigure some walls to suit your purpose
--- Thoughtfully positioned telephone and power points
- See list of neighbours above
- Real Property Description: Lot 9 on Survey Plan 202395
- Local Government Area: Sunshine Coast Region
- Property Type: Commercial
- Development Zone: High Impact
COMMERCIAL INVESTORS, let's zoom in on Infrastructure Growth nearby:
- 5-star 220 room hotel, with 740 dwellings, approved May 2020
--- Hotel be operated by prestige Westin brand
- Nearby Yaroomba Beach upgrade
--- Will include public parklands, surf lifesaving facilities and public beach access points linked with new coastal pathway
- Coolum Beach population: 8,497 (Source: 2016 Census)
- Lockyer Valley Region population: 351,424 (Source: 2019 ABS)
CAPTURING a front-of-complex position; versatile floorspaces; very high clearance to warehouse and on-site carparking, it's clear that 9/20 Junction Road represents a strong opportunity for Commercial Investors.
FOR MORE INFORMATION, we're standing by for your inquiry or inspection request. ACQUIRE THIS VERSATILE COMMERCIAL SITE IN COOLUM NOW!
***Disclaimer: All care taken, however you are encouraged to independently verify all figures, measurements and indications.
