12 Emerald Street COOROY QLD 4563
Investors take note of this outstanding opportunity in the heart of Cooroy CBD opposite the IGA: a post-war home converted to professional offices on a 1012m2 block zoned Medium Impact Density, with dual street frontage, currently tenanted by a law firm.
The building itself comprises entry porch, 1 x reception/waiting room, 3 x offices, large modern kitchen, and fully tiled bathroom; split system air-conditioning throughout, high ceilings, and hardwood timber floors are notable features, and it has been impeccably maintained.
Framed by lush leafy native and tropical gardens with colourful flowering shrubs, a pergola perfect for staff's morning tea or lunch overlooks a delightful pond - and there is a pathway from the carpark (accessed at the rear via Wimmers Lane) through the gardens to the entry.
The three year lease expires on 30th June 2026 and current returns are $36,575 per annum plus GST (see Agent for copy of lease). There is a provision for rent increases every 12 months under current lease. This could make an excellent SMSF (self-managed super fund) investment on a sizeable parcel of land within the vibrant township of Cooroy with its busy town hub, it is the capital of the Noosa hinterland.
Should vacancy eventually arise, securing a tenant in this prime locale, will not be an issue, and there could be future redevelopment possibilities also for this block (stca). With dual street frontage (and possibly access) there is great branding visibility for businesses, and opposite Cooroy's only supermarket, from a commercial point-of-view the location couldn't be better.
Investor owner is committed to secure a sale, and this is an opportunity that will attract the attention of the savvy buyer not only looking for attractive returns but also those looking wishing to be a stakeholder in the ongoing growth of the town.
• Tenanted investment in CBD opposite IGA
• 1012m2 block zoned Medium Impact Density
• Current commercial lease expires 30/6/2026
• Onsite parking - rear access via Wimmers Ln.
• Dual street frontage, great brand exposure
• 3 x offices, reception/waiting area at entry
• Large modern kitchen (eat-in) and bathroom
• Leafy gardens with pergola overlooking pond
• Savvy investment in heart of vibrant Cooroy
