(Under Contract)
We are excited to present 56 Arundell Avenue, Nambour, for sale by Auction.
This large 3,253 sqm level corner site, zoned ‘Major Centre Zone’ is situated on a main road only a short 400 metres from the popular Coles-anchored, Mill Shopping Centre in the CBD of Nambour.
This high-profile site includes 106 metres of total street frontage and does not flood like many areas in Nambour. The 8 older style industrial warehouses have a net lettable area of 1590m2 occupied by 6 separate long-term tenants in the automotive sector collectively paying a (below current market) net rent of $200,000 per year (plus outgoings).
All current leases are due to expire November 30th, 2027, with all tenants reportedly interested in extending their leases, if possible.
Develop, improve, or sit back and land bank while the rent rolls in – the choice is yours.
56 Arundell Avenue has benefited from Nambour’s latest rezone, currently zoned the extremely favourable ‘Major Centre Zone’, from its previous industrial zoning, which permits its current industrial use.
This property is now under contract.
For more information, please call Emmet Ryan on 0423 123 159.
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“Code Assessable” uses include (but not limited to): residential, industrial, community, sports and recreational and parking facilities, such as multiple residential dwellings, residential care/retirement facilities, supply stores, car wash, food and beverage, health care services, hotel, markets, office, service stations, shopping centre, medium impact industry, child care centre, educational facilities, hospital, emergency services, place of worship, sporting facilities, parking stations, telecommunication facilities and utility installation.
