Presenting an exceptional opportunity to secure an established investment property in the heart of Cotton Tree. Shop 3, 'The Dune' 27-29 Cotton Tree Parade, offers a modern Mediterranean-inspired eatery, Local Flow, as a long-standing tenant. Operating from this esplanade location since 2005, Local Flow is known for its focus on sustainable and locally sourced produce, perfectly complementing the relaxed lifestyle of the area.
Key Highlights:
- Net Rental: $70,400.00 per annum
- Brand new 3-year lease with 4% fixed annual increases
- Tenant: Local Flow, a Mediterranean-inspired eatery, in operation at this site for nearly 20 years, with a focus on sustainable and local produce.
- Impressive fit-out by renowned Noosa architect Bark Design, adding significant value and appeal to the space.
- Lease Terms: Tenant pays all the usual outgoings, with a market rent review at the exercise of the option.
- Options: Two additional 5-year options
- Property Size: 88 sqm with additional 25sqm exclusive use Al fresco dining.
Prime Location:
- Located a short walkable distance to the new Maroochydore CBD on the Sunshine Coast, Cotton tree is fringed by the sandy banks of the Maroochy River to the North and the white silica beaches of the blue pacific ocean to the east
- Less than 200 meters from the beach, providing a highly desirable location for both locals and tourists, contributing to the tenant's success.
With its unbeatable location, established tenant, and secure lease structure, Shop 3 at 27-29 Cotton Tree Parade is an outstanding investment for any portfolio. Don't miss the chance to own a commercial investment in one of the Sunshine Coast's most desirable locations.
For Sale: $1,200,000
Please contact exclusive marketing agents Ferdinand Braeutigam & Daniel Vella for more information or to arrange an inspection.
*Approximately.