Ocean Front Tenanted Investment On 2 Titles

SOLD

Shops 1&2/2 Kingfisher Drive

Peregian Beach QLD 4573

Retail

FOR SALE

This property sits directly across from the beach and dominates a corner position at the entry to Peregian Square.
This provides the maximum exposure to the road and funnels foot traffic from the parking area directly past the property.

The two adjacent titles total 119sq m (approx) and are within a group of four retail units. The two titles were previously separated to house individual businesses. At a later date the property could easily be returned to 2 smaller tenancies, if desired.

The tenant commenced trading from half of the total space in 2017 and was so successful they expanded into the total site in 2019.
They have recently commenced a new 5 year lease term with options.

+ 119sq m (approx) on 2 titles
+ Lease expires 30/6/25 + Options
+ Net rent $90,686 (approx) + Outgoings + GST
+ Auction On Site - Thursday 22 October at 11:00am