79 Sugar Road, Maroochydore QLD

For Sale


$685, 000


- Currently yielding 7.3% return net per annum for the next two years
. Tenant pays all outgoings.
- Two leases in place. 1 Residential Tenancy Agreement. 2 Commercial Tenancy Agreement.
- Total net income $50, 183.66 per annum with 3.5% annual increases on both Tenancy Agreements.
- One tenant occupies both Lease areas.
- Large regular rectangle block of land 600 sqm with great parking at rear and in front of building.
- Opportunity to build studio at rear of property to increase rental return.
- Excellent exposure to busy road with signage.
- Public transport at front door. Walking distance to Maroochy CBD
- Recent stylish ,renovation dividing building into separate front and rear tenancies.
- Business has 2 large offices areas, entrance, storage area and toilet
- House area has 3 bedrooms, 1 with walk in robe, spacious dining area and living area, modern kitchen and one bathroom and toilet. Rear patio area faces large private back yard.