18 Memorial Avenue, Pomona is on the market, presenting an opportunity to secure your own strip of five fully tenanted shops on one title in this historic Noosa Hinterland town. With commercial properties in the town tightly held, the property is attracting a lot of attention.
With another rental increase due in October 2022 this property will be providing an investor with a circa 7% yield. This is an attractive proposition for an investor seeking a passive investment and wanting to be part of a town that’s really moving ahead. With projected growth from rezoning for a residential subdivision of larger lots with good affordability, Pomona continues to attract new residents and businesses.
Situated on a 341m2* site with a net lettable area of 235m2*, this group of retail shops has a great tenancy mix including cafes/burger bar, dessert shop, beauty salon and fashion/homewares. Each of the five shops is approximately 41m²* – 46m²* with renovations recently completed to enhance the overall complex.
The main road site, with two street frontages, in the heart of town ensure the property enjoys good road exposure and plenty of passing foot traffic from surrounding successful businesses such as the Pomona Distilling Company.
The property is for sale with an asking price of $1.45M.
For further information and an Information Memorandum, contact David Brinkley 0448 594 361.
|Address||18 Memorial Avenue, Pomona|
|Open for inspection||By appointment|
|Price||Asking price $1.45M|
|Contact agent||David Brinkley, 0448 594 361|
|Agency||RAY WHITE COMMERCIAL|