CBRE Sunshine Coast is excited to offer for sale arguably the coast’s best value-add opportunity at 1-3 Kyamba Court, Mooloolaba. The high profile, two-storey retail/commercial property situated at the intersection of Brisbane Road and Kyamba Court, is only a short stroll from the famous Mooloolaba Beach and tourist strip.
~ Outstanding opportunity for Investors, Owner-occupiers and/or Developers
~ NLA of 1,690sqm* across two levels
~ Land area of 1,883sqm* zoned ‘Local Centre’ with an allowable height of up to 12m*
~ Genuine value-add opportunity, with imminent upside in rental rates (currently more than 50% below market).
~ High profile site with 39m* frontage to recently upgraded Brisbane Road
~ Currently fully tenanted, generating about $180,000* net per annum in rental income
~ Onsite parking for at least 22 vehicles, plus ample on street parking.
The property is located only a few minutes’ walk to the Sunshine Coast Council’s new eight-storey car park, The Wharf dining precinct, Mooloolaba Esplanade and the world famous beach.
The beautiful Sunshine Coast region continues to experience exceptional population growth where it is set to increase to 580,000* by 2041 and the economy will reach $33billion* by 2033.
For sale via Expressions of Interest closing Wednesday 4th October 2023 at 12:00pm
If you would like further details, please contact the exclusive marketing agents Ryan Parry 0419675758 or Rem Rafter 0408714420 from CBRE.
*Approx.
**Image outlines indicative only