A SIGNIFICANT commercial property in the Whitsundays has been bought for $2.1m.
The ground floor of the Whitsunday Business Centre, Cannonvale, was sold to an interstate investor by Colliers, a leading services and investment management company.
The ground floor of the business centre is used for offices and is anchored by PRD Realty.
Colliers described the property, which is leased on a long-term lease, as a ‘stable defensive asset on the Queensland coastline’.
The property sits in a prime position opposite the Coles-anchored Whitsunday Shopping Centre, in a major commercial and retail precinct for the Whitsundays.
1/230 Shute Harbour Road was sold on behalf of a private, local investor to a private interstate investor, represented by Rethink Investing.
Colliers Investment Services associate director Philip O’Dwyer said the asset offered an outstanding investment opportunity, underpinned by one of Australia’s leading real estate brands.
“With strong interest and multiple offers received, ultimately the successful buyer.… was attracted to the position and growth of the area,” he said.
“Demand for premium property assets along the Queensland coast is at an all time high.”
Colliers is a leading diversified professional services and investment management company with operations in 62 countries, 17,000 employees and annual revenues of $4.3bn.
