Caloundra, 87 Bulcock Street

A freehold property located in Bulcock St, the retail precinct of the Caloundra CBD. Comprises of two tenancies benefits from dual street access fronting Bulcock St with Farlow Lane at the rear.

This result was achieved after the owners invested in a comprehensive marketing campaign with enquiry both locally and from interstate.

The Brisbane investors who purchased the property identified the development upside due to it’s location in Bulcock Street and the growth of the Sunshine Coast.

 

Height Limit – 65 metresNet Income$45,595 per annum*Yield2.5%*Potential Gross Floor Area (GFA) (STCA)1,657.5sqm*Rate psm GFA$1,101 psm*Rate psm Land$8,258 psm*Sales Process Sales DateOctober 2017Sales Type Public Auction

Sales Analysis
Method of SaleAuction
Marketing Time Frame6 weeks
Sale Date9/11/2017
Total Enquiry21
Marketing Budget5,916
SoldUnder the Hammer
Sale Price$1,040,000
Tenanted Net Income $72,664.32
Bids Received6
Auction Attendance2 Registered Bidders
Building Area352m2*
Land Area472m2*

*Approximate