Rare option in Nambour CBD

A RARE and high-profile investment opportunity, with a secure government lease and future redevelopment potential, is now available in the Nambour CBD.

The 144 Currie St property offers a sought-after core location in the business and cultural heart of Nambour.

It provides a prominent position on the main arterial road into the commercial hub of Nambour, about 18km inland from the coastal precincts of the Sunshine Coast.

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The three-level office building features a building area of 1264sq m on a site area of 1367sq m as well as a commercial lift and 30 secure car park spaces.

The property is underpinned by a single-tenant lease to Queensland Health - Sunshine Coast Hospital Health Service until 2018 plus further options.

The property is marketed for sale by Jason O'Meara and Daniel Ryan of Savills and will be auctioned at 11am on Thursday, September 17.

Mr O'Meara said the well-presented and high-exposure property represented an excellent investment opportunity in the maturing Nambour CBD.

"Nambour is a strategic hub for the surrounding region providing a diverse range of commercial, retail, medical and government services.

New investment and development activity is returning to the Nambour CBD and this property presents a unique opportunity to secure such a well located and highquality 'main street' asset," he said.

Mr Ryan said the property offered investors a secure income stream from a single government tenant committed to a new three-year lease until 2018 with the potential for further option extensions.

He said Queensland Health had invested significantly in the premises to ensure it meets their needs, particularly in the areas of IT and connectivity.

"Given its high exposure location, the site also provides the appeal and flexibility of future redevelopment potential for alternate uses.

It is zoned major centre zone allowing for a maximum permissible building height up to 25 metres or seven storeys," he said.

For more information contact Mr O'Meara on 0408 087 868 or Mr Ryan on 0404 720 225.

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