A fully leased office building in the heart of the Sunshine Coast, anchored by government tenants, has been listed for sale with a hefty price tag.
No. 21-23 Carnaby Street at Maroochydore has been put on the market with a price guide of $14.95 million.
The multi-level facility is positioned in the rapidly-evolving city centre presents and is leased to the Queensland Government (Department of Housing, Local Government, Planning and Public Works), Queensland Building and Construction Commission (QBCC) and the Returned & Services League (RSL), generating more than $760,000 per annum.
Ray White Commerical agent Tallon Pamenter said it was hot property.
“Opportunities of this calibre are exceptionally rare on the Sunshine Coast,” he said.
“A fully leased, government-backed investment in a prime CBD location provides an unmatched level of income security and tenant covenant strength.”
Commercial agent Josh Harris highlighted the property’s positioning.
“Maroochydore is the Sunshine Coast’s designated principal centre and continues to experience significant infrastructure investment and population growth,” he said.
“This asset is perfectly positioned to benefit from those long-term drivers, with limited competing supply and strong demand from institutional and government occupiers”
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Commercial agent Paul Butler emphasised the investment’s broad appeal to a range of buyer groups.
“With its strong income profile, fixed rental growth and high-quality tenant mix, 21–23 Carnaby Street is a highly bankable asset,” he said.
“We expect significant interest from private investors, syndicators and funds seeking secure cash flow in a proven growth location.”
The property comprises a net lettable area of about 1930sqm across multiple levels, with a gross floor area of 2053sqm on a 1761sqm site.
Mr Pamenter said the combination of location, income security and future upside made it a compelling investment proposition.
“This is a true set-and-forget asset with all the fundamentals investors are seeking, strong tenants, consistent rental growth and a strategic CBD position within one of Queensland’s fastest-growing regions.”
