33 Ormuz Avenue Caloundra QLD 4551
- Shop & Retail
- 7,665 m²
FOR SALE | Caloundra Village
JLL are pleased to offer For Sale Caloundra Village, a neighbourhood centre that uniquely combines convenience, WALE, income security and is underpinned by future development in one of the Australia's most highly sought locations, the Sunshine Coast.
Unparalleled security of income via 100% occupancy and 9.5 year WALE
Brand new 15-year lease to strong trading Seasons IGA, benefiting from rare 4% annual reviews and nearing percentage rent
Over 93% of gross income underpinned by non-discretionary retailers
Expansive on-grade 7,764sqm site with rare three street frontages
Strong tenant retention history, with 97% (BY NLA) of tenants operating in their minimum second term
Long term underlying land value driven by desirable Major Centre zoning and growing main trade area retail expenditure
Fully leased Net Income of $1,437,779
Caloundra Village is being offered for sale via Expressions of Interest closing Thursday 24 th of March 2022 at 4pm (AEST).