The Hedge at Buddina commercial tenancies sell for $5 million
Staff reporterDecember 8, 2020
All nine commercial tenancies at the new beachside development, the hedge at Buddina, have sold for $5 million to local investment group, Sunshine Coast Private Commercial.
Off Market Real Estate principal Chris Cameron who negotiated the sale said the development’s commercial precinct had drawn a flood of local and intestate interest.
He said, “its exceptional quality and proximity to schools, bus links, major shopping and professional services including the $2 billion Kawana Health precinct make it an excellent investment.”
The majority of the nine tenancies include an outdoor terrace area and range in size from 47 sqm to 74 sqm.
“Rising economic confidence for the region is pushing up residential sales, and on the back of that the commercial sector is performing well,’’ Mr Cameron said.
When completed, the hedge at Buddina located at 5 Bermagui Crescent, Buddina, will offer 97 apartments presenting a floor area up to 158 sqm over five storeys.
It is located an hour north of Brisbane by road.
the hedge at Buddina benefits from a regional development strategy unfolding over the next two decades which will see the economy triple to $33 billion, the creation of 100,000 new jobs in high end industries and household incomes exceeding the Queensland average.
The project adjoins the newly upgraded Kawana Shopping world (pictured above) which has been earmarked for further major improvements in the near future including a Gold Class cinema complex and new specialty shops.