This article is from the Australian Property Journal archive
A COMMERCIAL unit at Noosaville on the Sunshine Coast has been sold to a local investor for $1.25 million on a 7.2% yield.
The 323 sqm property at Lot 3/ 3 Gibson Rd Noosaville recently secured a long-term lease to Bubs Baby Shops.
Ray White Commercial’s David Brinkley negotiated the deal and said the Bubs Baby Shops lease provided the impetus for the owner to put the property on the market.
“Once the lease with Bubs was signed we hit the market targeting investors,” he said. “We have a large database with a lot of buyers seeking solid investment stock with secure lease terms. With Bubs having such a good track record business wise and with the five year initial lease term in place, we had good interest from potential buyers.
“The local investors who purchased the property had been looking for quite some time. They had already had a look at buying another property along Gibson Rd but this particular complex ticked all the right boxes,” Brinkley said.
Australian Property Journal
