INVESTORS have a fantastic chance to purchase a high-yielding opportunity as the Tanawha Liberty service station and attached Buderim Comfy Cottages at 316 Tanawha Tourist Drive go under the hammer on Friday 26 March.
Offering 8,278sq m* of freehold land, the asset comprises a Liberty branded service station and residential consisting of 31 (removable) cottages, five apartments, manager’s office, and laundry.
The property is being marketed and sold at auction by Ray White Commercial QLD father and son duo Stephen and Elliot Kidd, in conjunction with agents at QTHB.
“The Tanawha Liberty service station and attached Buderim Comfy Cottages have been reshaped and upgraded into a dynamic property investment, underwritten by a stable cash flow and proven track record,” Mr Stephen Kidd said.
“There exists further development and income upside from the existing site, generating higher returns for a dedicated owner. The service station will run itself and provide a positive cash flow for the next 15+ years, with options.
“Set in the booming Sunshine Coast, you can run the home park yourself, retain the manger or insert a family member – there are many ways to continue the upward income trajectory.”
“This period of uncertainty across Australia has driven, and smart analysts say will continue to drive, a mass exodus from major metropolitan areas to regions which offer better lifestyles,” Mr Elliot Kidd said.
“The Sunshine Coast has been a major beneficiary of this exodus, with residential vacancy rates falling below one per cent, and rents rising dramatically.
“The landowners have already felt this increase in demand – with their latest cottage leasing for an additional $80 per week, an annual increase of some 20* per cent.”