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Sold on 13 May 2022

33 Ormuz Avenue Caloundra QLD 4551

  • Shop & Retail
  • 7,665 m²
  • Sold

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).

    Property Highlights

    Date Sold13 May 2022
    Floor AreaAsk Agent
    Land Area7,665 m²
    Parking110 x Onsite parkings
    Building TypeWhole building
    Property ID2017614597
    Category
    Last updated  16 Jun 2022
    Map for 33 Ormuz Avenue Caloundra QLD 4551

    Property Highlights

    Date Sold13 May 2022
    Floor AreaAsk Agent
    Land Area7,665 m²
    Parking110 x Onsite parkings
    Building TypeWhole building
    Property ID2017614597
    Category
    Last updated  16 Jun 2022
    Level 39 Central Plaza One, 345 Queen Street Brisbane City QLD 4000
    Jacob Swan
    Jacob Swan
    JLL Brisbane
    Ned McKendry
    Ned McKendry
    JLL Brisbane

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