Ray White Commercial Noosa & Sunshine Coast North presents an excellent opportunity to secure a modern, quality investment property in the Sunshine Coast hinterland town of Montville returning over 7%.
The property is currently tenanted by Altitude on Montville - a restaurant, cafe and functions venue. The restaurant trades well and is run by experienced local operators.
Built in 2016, the parent property offers the most modern accommodation in Montville and includes 23 luxury accommodation units.
Montville is one of the major towns within the Sunshine Coast hinterland region, drawing visitors from across the state and beyond for its stunning scenery, award-winning restaurants and accommodation.
The restaurant tenancy comprises the following;
+ 324sq m (approx) total area
+ Large open plan restaurant area with outdoor terrace and sweeping views across the escarpment out to the coast
+ Upper level private functions space
+ Basement cellar dining room
+ Bar area
+ Dry store, commercial kitchen and cold room/freezer
The net return of the property is currently $99,389pa with a 3 x 3 year lease in place, commencing 1/7/19.
The accommodation units within the complex are modern in design and comprise a number of studio, 2 and 3 bedroom apartments. These are currently strong performing with low vacancy and solid returns. A number of these apartments are also available for sale, either individually or in one line.
Call or email Tallon Pamenter or Louisa Blennerhassett to inspect the property or find out about other suitable options.
For more details, please email agent