6.12% Net return - National Retail Tenant - Secured 6 Year Lease Plus Options
SOLD
2a Stevens Street
Yandina QLD 4561
Retail
FOR SALE
180m2
David Brinkley and Tracey Ryan from Ray White Commercial are pleased to present 2a Stevens Street, Yandina to the market for sale.
National tenants Ringers Western hold a secured lease on this freehold building right in the heart of the thriving Yandina commercial precinct. The property is well positioned with excellent sightlines to Farrell Street giving exposure to the 100s of people who visit the markets on Saturdays and enjoy coffee at the Gun Cotton Coffee Shop. The owner undertook significant refurbishments in 2021 to attract a quality tenant which included an internal fit out with new electrical, plasterboard walls, ceiling, lights, roof, painted both internally and external of the building, installed solar panels and constructed an additional storage room at the rear of property.
PROPERTY FEATURES
• Land area 313m²*
• Net lettable area 180m²*
• National tenant "Ringers Western"
• Secured 6 year lease term commenced November 2021 with additional 2 x 5 year options to follow
• Current income$64,272 per annum + outgoings + GST (Further 3% increase due 1 October 2023)
• Side access to rear of shop, providing staff parking
• Ample customer parking in the street
• Private amenities
• Surrounded by high profile businesses including real estate agent, coffee shop, tattoo studio, picture framing shop and the new Bar Deco (Belgian beer and wine garden)
• Freshly painted exterior
Call or email David Brinkley or Tracey Ryan to inspect the property or for further information.
Our team is strategically located in offices in Noosa, Maroochydore and Caloundra to service your commercial property sales and leasing needs across the Sunshine Coast.
