This iconic double storey building on a prime north-east facing 400m2 corner block with dual street frontage, just 100m to the beach, offers an outstanding investment opportunity generating two income streams via commercial rental of ground floor premises to a long-term established business, and residential rental of the self-contained apartment above.
The lower level currently occupied by a veterinarian practice is modern and immaculate, comprising air-conditioned reception area, kitchen, bathroom, office, and multiple consultation rooms used for examinations, surgery, and grooming, along with a lock up parking space and storage. The front/entry faces busy Roderick Street, providing excellent branding exposure for any business/commercial enterprise; current lease expires in August 2024.
Occupying the entire upper level is a charming apartment with hardwood timber floors; comprising two bedrooms with built-in robes, light-filled open plan living and dining flowing out to an expansive north facing terrace, modern kitchen and bathroom, and separate laundry with drying balcony. The tenant also has one parking spot allocated in the double lock up garage. This is currently rented for $410 per week, with lease expiring in March 2023.
The building is in excellent condition and has been meticulously maintained by long-term owner (purchased in 1973), and anyone visiting or living in Moffat Beach will easily identify it, it’s well located and has occupied this 400m2 site (Local Centre Zone) for many decades.
Not only is it an excellent investment generating an attractive yield, so would make a savvy addition to any portfolio, but it also land-banking gold! Just footsteps to the sand and 200 metres to Moffat’s boutique café precinct, strong capital growth is assured, regardless of market conditions.
Moffat Beach is one of the Sunshine Coast’s most coveted beachside suburbs – with its picturesque beach and headland, it consists of tightly held properties – a mixture of older-style residences, stunning new builds, and low-rise apartments; just five minutes to Caloundra CBD always sought-after, its desirability has soared in recent years.
