36-38 Duke Street, Sunshine Beach
What: Fully-leased commercial/retail on 486sq m site over two titles zoned Tourist Accommodation
Price: For sale by public auction on Friday, March 4, at 12pm at the Sunshine Beach Surf Club.
Agents: Nick Dowling 0419 726 705 Jesse Howitt 0468 495 640 Johnny Gooderham 0499 980 259 Colliers Sunshine Coast
It has been part and parcel of the Sunshine Beach landscape for as long as most of us can remember.
Next month the 486sq m site in the heart of Sunshine that was originally owned by Tom and Lucy Flood is to go to auction.
On two titles and with four tenancies leased until 2023, the property at 36-38 Duke St is to go on the market for the first time in 34 years.
Brian Watson, who started as a real estate agent in 1973 and went out on his own five years later, bought the property in 1988.
“It was owned by Tom and Lucy, and the house beside it,’’ he said.
“They operated a post office, bank agency and newsagency from the store
“Sammy’s take-away was downstairs, a pie shop, and two offices were upstairs.’’’
Centrally-located in Duke St, the site is improved with a two-level building comprising of two ground-level shops and two first-level offices.
Nick Dowling of Colliers International is taking the property to auction in-rooms at Sunshine Beach Surf Club on Friday, March 4, at midday.
Fully-leased and zoned Tourist Accommodation, the site provides buyers with the opportunity to take advantage of the 12-metre height limit, Mr Dowling said.
“Its proximity to the beach, surf club and surrounding amenity makes it a very appealing place to live, holiday and enjoy the unique cafes, restaurants and retail experiences the village offers.’’
Mr Dowling said the asset was fully leased to four tenants including well known local businesses Sunshine Beach Real Estate and Fratellini.
“All tenants have lease expiries in February 2023 which provides buyers with the ability to continue with the income stream on offer or redevelop the site.
“The retail village of Sunshine Beach only comprises five freehold lots and a handful of strata title shops.
“These offerings rarely come up for sale and the towns history of strong capital growth underpins why assets like this are such compelling assets to own.“
The site has rear access off Douglas Lane.
Mr Dowling said you only had to look next door to see what everyone wants … amenity.
“Everything you can imagine is here … surfboards, bars, coffee shops, homewares, real estate
“If you live in this area, the thing is to come here and have a coffee, something to eat and a drink at the surf club.’’
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