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69 Enterprise St 14,047 SF Retail Building Kunda Park, QLD 4556 For Sale
Investment Highlights
- The asset occupies a 1,305 sqm corner lot within the Kunda Park industrial precinct on Queensland’s Sunshine Coast.
- Direct connectivity to Old Maroochydore Road provides convenient access to key regional thoroughfares.
- The site is positioned approximately 2 kilometers from major national retailers and essential commercial services.
- Zoning is classified as Medium Impact Industry under the Sunshine Coast Region planning framework.
Executive Summary
This rare industrial investment offers a secure, long-term income stream underpinned by a renewed five-year net lease to Ampol, one of Australia’s most recognized ASX100 companies. The lease runs until September 2028 with an additional five-year option, ensuring stability and allowing for continued asset performance. Built on a 1,305 sqm* corner allotment with 67 meters of street frontage, this property is strategically positioned in Kunda Park, one of Sunshine Coast’s most tightly held and land-constrained industrial precincts.
The site is configured as an unmanned Ampol truck stop, benefitting from proximity to leading national retailers such as Bunnings, Storage King, Mitre 10, and Total Tools within a 2-kilometer radius. With direct connectivity to Old Maroochydore Road, which accommodates over 120,000 vehicle movements weekly, and surrounding by key arterial routes, the property capitalizes on significant vehicular exposure.
The lease structure guarantees peace of mind for investors: income growth through the higher of CPI or 2.75% annual increases and 100% outgoing recovery by the tenant, including land tax, except canopy insurance. Positioned within Australia’s fastest-growing regional market, the Sunshine Coast’s population is set to rise from 377,000+ to over 500,000 by 2041, amplifying long-term demand and inherent land value. Current Net Income is $156,297 per annum plus GST, supported by Ampol’s national covenant and substantial market capitalization exceeding $7.86 billion, making this a compelling high-growth investment with future development potential (STCA).
The site is configured as an unmanned Ampol truck stop, benefitting from proximity to leading national retailers such as Bunnings, Storage King, Mitre 10, and Total Tools within a 2-kilometer radius. With direct connectivity to Old Maroochydore Road, which accommodates over 120,000 vehicle movements weekly, and surrounding by key arterial routes, the property capitalizes on significant vehicular exposure.
The lease structure guarantees peace of mind for investors: income growth through the higher of CPI or 2.75% annual increases and 100% outgoing recovery by the tenant, including land tax, except canopy insurance. Positioned within Australia’s fastest-growing regional market, the Sunshine Coast’s population is set to rise from 377,000+ to over 500,000 by 2041, amplifying long-term demand and inherent land value. Current Net Income is $156,297 per annum plus GST, supported by Ampol’s national covenant and substantial market capitalization exceeding $7.86 billion, making this a compelling high-growth investment with future development potential (STCA).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
14,047 SF
Building Class
C
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.32 AC
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69 Enterprise St
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