A South Australian private investor has snapped up two high quality industrial properties located within the well sought after and established industrial precinct of Noosaville for $4.1 million from a Sydney based owner. The yield was 7.13 percent* on passing income.
14 & 16 Venture Drive Noosaville QLD are both fully leased and offer high span metal sheds with wide open roller doors providing great access.
14 Venture Drive has a Net Lettable Area (NLA) of 1,300sq m* plus a 200sq m* mezzanine on a site area of 3,620sq m* with Unit 1 & 2 Leased to Noosa Car & Truck, and Unit 3 leased to SC Glass & Aluminium. The property offers a level hardstand, full concrete drive around truck access and fully fenced site. The total Net Rental is $143,879.76pa + GST.
16 Venture Drive has a NLA of 1,300sq m* on a 3,537sq m* site and is leased to Sunshine Hardware Pty Ltd trading as Mitre 10 with a net rental of $150,000pa + GST.
The properties were sold by Scott Gardiner and Jason O’Meara of Savills Sunshine Coast who said the opportunity to acquire two quality industrial properties in one line in this coveted industrial estate does not happen often, and competition was strong from both local and interstate investors.
With great access to Eumundi-Noosa Road, the Sunshine Motorway and further to the Bruce Highway, the surrounding development comprises a mixture of large standalone industrial buildings and strata titled industrial complexes.
A large parcel of vacant land is situated at the end of Venture Drive within close proximity to the subject property. There is additional commercial, and retail vacant land also located to the north east with direct access via Venture Drive off Eumundi- Noosa Road.
The existing Noosa Civic Shopping Centre and retail showroom precinct is situated within 1km on the southern side of Eumundi- Noosa Road. Sunshine Coast, QLD
The Sunshine Coast region is located 100km* north of Brisbane. The Sunshine Coast is one of three large urban regions of South East Queensland, stretching over 60kms* of coastline from Caloundra in the south to Noosa Heads in the north.