8 Court Road Nambour QLD 4560

Exceptional investment opportunity to secure a freestanding property with seven separate tenancies and a diverse mix of tenant including Rexel Electrical Supplies as the anchor tenant.

The property also features long term development upside with plans to build a 33 townhouse complex with a total of 80 bedrooms. A full set of plans, reports, and supporting information regarding the progress of the approval are available.
Investment Highlights:

~ Current income of $401,146.69pa plus GST and Outgoings (potential $419,146) plus additional GFA to unlock

~ 6 of the 7 tenancies are leased

~ Tenants include Rexel Electrical Supplies, Harvey Norman, Showcase Interiors, Lined Electrical, Amani Equipment and Luxe Cars

Property Features:

~ Freestanding building of approximately 4,047sqm on a site of 7,517sqm

~ Recently refurbished into 7 tenancies with extensive upgrades to the building

~ Diverse tenancy mix of showroom, warehouse, office and hardstand

The property is located within walking distance to the Nambour CBD on the corners of Court Road and Reilly Road with driveway access via both roads.

The property is being sold via Expressions of Interest closing Wednesday 25 September 2024 at 1pm with all offers to be submitted to CBRE.

Inspections are available by appointment only.

For further details including a detail Information Memorandum contact exclusive agents Matt Marenko or Jack McCormack for further details.

*Approx
**Outline Indicative Only