Maroochydore Sunshine Coast strata titled retail investment sold

An 88 square metre strata titled retail investment in the Maroochydore CBD has sold for $423,000 to a local investor.

The property at Unit 4, 31-33 Plaza Parade sold for a current net yield of 6.43 percent on passing income.

Will Carman and Peter Capps of Savills said the property sold within a week of its campaign starting via an offers to purchase campaign.

The property had previously sold in November 2016 for $385,000.

Capps said the owner deciding to put the space back on the market when other opportunities took priority.

“Also of great appeal to investors was the location of the property, on Plaza Parade, and the fact it now  provides easy access to the Sunshine Coast Motorway, north and south, and into the Maroochydore CBD via Maroochy Boulevard.”