Ferryside is haven for super funds
TUMBULGUM'S Ferryside store is up for sale for $1.2 million.
The 608sq m holding has four long-term tenants in place with a nett annual income of $84,039.
They are the Ferryside General Store/Post Office, Ferryside Cafe, rear storage area at Riverside Drive and a two-bedroom unit at the rear of the store.
Just Real Estate Investments director Tony Grbcic said the property presents an investment opportunity for retirees looking to place their superannuation in a secure waterside location.
“Rarely do these kinds of properties come on to the market and we expect to be inundated with enquiry from local and interstate investors,” said Mr Grbcic.
“The tenancy mix is strong comprising a post office, the Ferryside Café, a rear storage area and a residential unit that is linked to the store lease.
“There is only a handful of commercial businesses in the area which is supported by a fast-growing population for those searching for the perfect sea-change lifestyle.
Mr Grbcic said shopping centres and retail hubs are the new investment “must haves” for cashed-up commercial buyers.
“The Ferryside store is in a great place for business,” Mr Grbcic said.
Just Real Estate Investments has sold more than $35 million of commercial and industrial property since opening in March.
Mr Grbcic said he has a database of active investors consisting of local, interstate and international buyers and a wealthy syndication of clients looking for commercial property between $1 and $7 million.
“We are especially experiencing a strong demand from buyers for shopping strips that are priced around $4 million on the Gold Coast,” Mr Grbcic said.