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Southside, 34 Exhibition Road

Excellent Tenanted Investment Opportunity in Gympie

Sold for $495,000

Listing Number: QNA2663
About this listing
Situated in the tightly held commercial precinct at Southside, this is an outstanding investment opportunity for all types of investors.
This freehold property includes a building of approx.. 160 square metres sitting on approx.. 727 square metres of land with outstanding street exposure along Exhibition Road.
It should be noted this building has a class 5 & 6 attached to it, allowing the potential use to be either offices or shops. There is of course the potential to value add to this property given the size of the block and its' location.

Property highlights include:
- Gross rental income $49,400p.a.
- Current 5 x 5 year lease in place (commenced in 2016)
- Certificate of Classification - Class 5 & 6 (Office & Shop)
- On-site parking
- Land size of approx. 727sqm
- Building size approx. 160sqm

With a net yield on offer of between 8.5-9%, these sorts of investment opportunities are hard to find. The property is located in a growth corridor of Gympie (Southside) where commercial vacancies are extremely low. The new medical centre is across the road and Southside Woolworths is around the corner.
Property Information
  • Property Type: Office, Retail

Contact Details

Harcourts Noosa

Level 1, 23 Sunshine Beach Rd
Noosa Heads

Property Location

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