Priceline Pharmacy building in Sunshine Coast's Caloundra listed

Priceline Pharmacy building in Sunshine Coast's Caloundra listed
Priceline Pharmacy building in Sunshine Coast's Caloundra listed

The Priceline Pharmacy building in the Sunshine Coast suburb of Caloundra at 66 Bullock Street has been offered to the market

The property, 100 per cent leased to Star Pharmacy Group Pty Ltd, is being offered for sale via an expressions of interest campaign.

The asset is being marketed and sold by Ray White Commercial QLD father and son duo Stephen and Elliot Kidd, in conjunction with Henzells Commercial Real Estate’s Paul Bell.

Mr Stephen Kidd said the two-level commercial building was in the heart of one of the Sunshine Coast’s most popular tourist destinations.

“A new corporate head lease from the Star Pharmacy Group over the entire building is being offered, with the ground floor retail occupied by Priceline Pharmacy and upstairs previously used as a function room,” he said.

“The current net income produces $166,340 after all deductions, including land tax.”

Mr Elliot Kidd said Star Pharmacy Group acquired and refurbished their tenancy in 2016.

“The ground floor income is underwritten by a fresh five-year corporate lease with options until 2045,” he said.

Mr Bell said the upper level comprised open-plan accommodation that was currently fitted out for an entertainment venue.

Tags: 
Retail Caloundra

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