Peregian Beach shop in Sunshine Coast sells for $1.6 million
Staff ReporterDecember 7, 2020
A retail shop anchored by Home Timber & Hardware at Peregian Beach on the Sunshine Coast has sold to a local investor for $1.6 million on a six percent yield.
The 211 David Low freehold property has a building area of 973 sqm on a 1880 sqm site.
Peregian Beach is a seaside residential and tourist area of the Sunshine Coast 130 km north of Brisbane and close to Noosa Heads.
The property was sold on behalf of a local business operator by selling agents Christine Freney of Ray White Commercial Noosa & Sunshine Coast.
Freney said the vendors have operated the Home Timber & Hardware store for more than 25 years.
“They will continue to run the hardware business after selling the freehold,” she said.
“The site is now secured by a 5 + 5 + 5 year lease.”