Tenanted by Mooloolaba Beach Pharmacy on a 10 year lease with 6.7% yield for sale by Matt Marenko and Louisa Blennerhassett of Ray White Commercial Noosa and Sunshine Coast North.
This retail investment with 10 year lease and the only pharmacy on the tightly held retail strip of Mooloolaba Esplanade is for sale by Matt Marenko and Louisa Blennerhassett of Ray White Commercial Noosa and Sunshine Coast North.
The asset on offer also includes an osteopathy clinic tenant.
Matt Marenko of Ray White Commercial Noosa and Sunshine Coast North told WILLIAMS MEDIA, "with the changes we are seeing in the market, medical and pharmacy assets are in high demand".
"Mooloolaba Beach Pharmacy has been on Mooloolaba Esplanade since the 1950's and has seen their business grow substantially over the past few years" said Mr Marenko.
Ground floor / 77 Mooloolaba Esplanade, Mooloolaba, QLD 4557. Source: Ray White Commercial Noosa and Sunshine Coast North.
"With the turbulence in the share market and low returns from the banks commercial property is being seen as a safe bet" said Mr Marenko.
At a glance:
Ground floor / 77 Mooloolaba Esplanade, Mooloolaba, QLD 4557. Source: Ray White Commercial Noosa and Sunshine Coast North.
Lease Highlights:
Ground floor / 77 Mooloolaba Esplanade, Mooloolaba, QLD 4557. Source: Ray White Commercial Noosa and Sunshine Coast North.
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