Mooloolaba Retail Investment Sold
A commercial retail unit at Mooloolaba on the Sunshine Coast with a popular hairdressing salon as a long term tenant has been sold by Ray White Commercial North Coast Central’s Emily Pendleton for $325,000.
The 62 sqm ground floor strata unit at 102/29 First Avenue, Mooloolaba, was sold to a local investor on behalf of a private investor for a net yield of 8.3 per cent.
Emily Pendleton said the vendor had previously occupied the unit but had decided to relocate to larger premises in Mooloolaba to service her growing clientele.
“When the tenancy became available it was snapped up another hair dressing salon known as Double Shot Hair,” Emily Pendleton said.
“With a secure brand new 3 x 3 x 3 year lease in place returning 8.3 per cent, the property was offered for sale and was purchased by a local investor.
“This has been a great outcome for all concerned.”
Emily Pendleton said the unit is located in a niche precinct of Mooloolaba.
“The property offers excellent exposure and there is plenty of parking available,” she said.