70 Simpson Street

Beerwah QLD 4519

- Total building area: 691sq m*
- Commercial: 393sq m*
- Residential house: 298sq m*
- Estimated total net rental: $117,815.87* per annum + Outgoings + GST
- Multiple leases with options in place
- Prime opportunity for good future rental growth
- Tightly held location in Central Beerwah

70 Simpson Street comprises a fully leased standalone retail / commercial building with a 4 bedroom plus sleepout house which is located at the rear. The subject property has a a-grade location situated on the main street in the heart of Beerwah. The property is fully leased to Pizza Hut, Ray White & Vianta Espresso & Wine Bar. The owner of Vianta also rents the residential house at the rear.

The site is 1,059sq m* with a standalone 393sq m* commercial building fronting Simpson Street which the three commercial business occupy with a 4 bedroom plus sleepout residential house at the rear which the owner of the Vianta Restaurant business rents. This house is accessed via the laneway at the rear plus all commercial tenancies having access from the rear as well. There is on site car parking at the rear also accessed via the service laneway. All tenants have been in occupancy for some years now and all having options to extend with the house lease currently on a monthly basis. The estimated net rental is currently $117,815.87pa* + GST.

70 Simpson Street represents a rare opportunity to acquire a freestanding commercial property plus residential house in such prime position in the heartbeat centre of Sunshine Coast hinterland region, Beerwah. The property has tremendous upside for rental growth & therefore capital growth and will attract such buyers seeing this potential.

Offers to purchase closing 4pm Thursday 14th September 2023

For further information contact exclusive marketing agent Scott Gardiner on 0415 679 112 or email sgardiner@savills.com.au

(*Approx.)