Sunshine Coast Kunda Park commercial property sells for almost $1 million

Sunshine Coast Kunda Park commercial property sells for almost $1 million
Sunshine Coast Kunda Park commercial property sells for almost $1 million

A commercial property, in the Sunshine Coast suburb of Kunda Park, has been bought by a local investor for $850,000. 

The asset, Unit 12/15 Rawlins Circuit, came with a 454 square metre building area. 

It was leased to a high-profile tenant who occupied a majority of the development, with a significant infrastructure investment to come. 

The property was marketed and sold by Ray White Commercial Noosa and Sunshine Coast North Property Consultants Matt Marenko and Louisa Blennerhassett. 

Mr Marenko said the team received five offers on the property and it sold within five days of hitting the market. 

“The tenant was Unique Health Products who had occupied the property since 2012 and have a very successful business distributing products in the health food sector,” he said. 

“The investment market continues to strengthen thanks to interest rates remaining at an all-time low.”

Mr Marenko said investors were pulling their money out of the banks and buying property to take advantage of the stronger yields 

“We have four buyers from this property who missed out, and a long list ready, but we need more properties to sell,” he said. 

It is 7.5 km, or 10 minutes by car, from the Sunshine Coast’s CBD.

Tags: 
Sunshine Coast Commercial Property

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