Exciting Commercial Opportunities

Exciting Commercial Opportunities

Exciting Commercial Opportunities

Henzells Commercial are pleased to bring to market two exciting investor opportunities as confidence in Southern Sunshine Coast commercial property continues to surge.
Commercial Manager, Paul Bell, said enquiries were flooding in for 38 Bulcock Street, Caloundra, occupied by Cozie Boutique Swimwear for the past 20 years, as well as Suite 21 at 5 Innovation Parkway, Birtinya, currently tenanted by an ASX-listed IVF provider.

“38 Bulcock Street is a unique opportunity to acquire a single level commercial building in the heart of Caloundra with prime exposure to high traffic flows along the region’s primary shopping precinct,’’ Paul said. 

“It presents a rare investment opportunity with development upside in a tightly held commercial area.”

“Presented as a freehold title with no other parties to deal with, the business offers a net letting area of 182sqm and is currently generating a net income of approximately $47,068 per annum after all deductions.”

The site is adjacent 36A Bulcock Street, the DLD Discounts Store, which Henzells recently sold as a freehold investment for $925,000 to a local buyer.

Meanwhile, Suite 21, located on the ground floor of the Sunshine Coast Surgical & Specialist Centre in Birtinya, presents another highly desirable investment prospect in the heart of a developing and sought-after precinct. The centre opened in 2006 and is a purpose-built medical building consisting of three levels of medical accommodation including Kawana Private Hospital, a range of health care professionals, pharmacy and café. 

The property is situated within the Lake Kawana Master Planned Community covering 230 hectares including Kawana Town Centre, Lake Kawana, the Sunshine Coast University and Private Hospitals, Birtinya Island and Bokarina Beach. 

The tenant is IVF Sunshine Coast trading as Queensland Fertility Group and is owned by Virtus Health (ASX: VRT), Australia’s largest IVF provider. The current net income is approximately $114,468 per annum.

Both opportunities are being offered through expressions of interest campaigns closing on Friday 22 October 2021 for the medical suite and Friday 5 November 2021 for the swimwear store.

The Caloundra CBD alone has experienced approximately $20 million in commercial sales in the past six months as optimism in the region’s tourism and economic outlook continues to grow.

“The demand for commercial opportunities in Caloundra and surrounds are going from strength to strength. Buyers are split between owner occupiers expanding or getting new ventures off the ground and investors drawn to the great location and attractive yields,’’ Paul said.

If you are interested in further information on these properties, contact Paul Bell direct on 0400 711 969 or pbell@henzells.com.au


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