CBRE Sunshine Coast is pleased to present 11 Helen Street & 25 Latcham Drive, Caloundra West for sale via Expression of Interest.
This is a rare opportunity to purchase individual lots or the entire property.
The asset features a combination of income, rental upside, and developments upside. The portfolio delivers a passing net income of $702,525p.a. + GST*, underpinned by a diversified tenancy profile, with clear upside through lease-up, repositioning and development of the approved balance land.
The properties comprise multiple freestanding industrial buildings with diversified tenancy profiles, specialised food grade & cold-room improvements and a significant balance land component with an approved five unit industrial development, providing multiple pathways for income growth, repositioning and future value creation.
Key property features
• 12,618sqm* total land holding
• 4,282sqm* of gross building area across multiple freestanding improvements
• 2,230sqm* of undeveloped land with approval for a five-unit industrial complex
• Drive through site with connectivity between Latcham Drive and Helen Street
• Medium Impact Industry zoning
25 Latcham Drive, Caloundra West
Comprising two freestanding industrial buildings totalling approximately 2,650sqm* on a site of 5,022sqm*.
Tenancy B (1,137sqm*) leased to Gateway Care Ltd, providing 198,625 Net + GST of secure income and with cold room, freezer and retail area
Tenancy A (1,513sqm*) recently refurbished warehouse with updated offices, amenities, LED high bay lighting, new perimeter gate and available for immediate leasing or repositioning upside
• 12 Month rental guarantee of $264,775 Net + GST over tenancy A
11 Helen Street, Caloundra West
LOT 1
• 542sqm* food production facility leased to Caloundra Bulk Meats
• 1,869sqm* of total land area
• New 3-year lease returning $130,000 Net + GST
Lot 2
• 1,040sqm of total building area on a site of 1,887sqm*
• Leased to Sunstate & Digger mate returning $91,500 Net + GST
• Leasing upside through various vacancies
LOT 3
• 2,230sqm* of undeveloped land
• DA for 5 industrial units
• Lease in place to digger mate returning $17,625 Net + GST
Located within the established Caloundra West Industrial Estate, the properties benefit from direct access to Caloundra Road, linking efficiently to the Bruce Highway, Nicklin Way and the broader Sunshine Coast.
The location is strategically positioned to service the southern Sunshine Coast and the rapidly expanding Aura Priority Development Area, supporting sustained occupier demand and long term capital growth.
The property can be sold as one or in individual lots.
All inspections are strictly by appointment only and must be arranged with the exclusive selling agents. A full due diligence package is available upon request.
For further information, please contact the exclusive agents, Jack McCormack or Matt Marenko of CBRE.
*Approx
*Outline Indicative Only
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