CBRE and Savills have been appointed to market for sale a commercial building home to ANZ Bank’s Maroochydore branch on the Sunshine Coast.
Located at 127-137 Horton Parade, the property consists of a three-level building comprising a NLA of 1,826sqm and a single level building with a NLA of 499sqm.
Located in the Sunshine Coast’s major growth centre, Maroochydore, the property is anchored by ANZ Bank and includes a further five tenancies, of which four are occupied. Other tenants include Projex Partners, Sunshine Coast Council, Department of Veteran Affairs and Fisher Dore Lawyers.
The property is underpinned by a site area of 2,978sqm and features a total of 66 car bays providing an annual net income of circa $861,000.
CBRE’s Rem Rafter and Tony Justo have been appointed to steer the sale campaign conjunctionally with Savills’ Jason O’Meara.
Mr Rafter said the property offered compelling investment fundamentals given its premium location.
“Situated in an outstanding central Maroochydore location, the property is positioned to capitalise on the ongoing growth of the region,” Mr Rafter said.
Mr O’Meara added: “The property also offers an attractive tenancy profile, anchored by a major bank in addition to government and corporate tenants. This provides immediate income security in one of the Sunshine Coast’s most sought after destinations.”
The Queensland State Government has designated Maroochydore as the Sunshine Coast’s Principal Activity Centre, with a slate of development projects earmarked for the area over the next 10-15 years.
“With a number of major projects planned, including the Maroochydore CBD development, Sunshine Plaza, airport expansion and the new medical hub at Birtinya, this property is ideally positioned to reap the commercial benefits of investment in the region, Mr Justo said.
The property is being offered for sale via Expressions of Interest, closing 12pm, September 12, 2018.
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CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.