North Stradbroke Island's Point Lookout shops go up for sale

FOUR side-by-side shops in the same block at Point Lookout on North Stradbroke Island will go under the hammer on Friday.

UP FOR GRABS: The Point Lookout shops are up for sale.

UP FOR GRABS: The Point Lookout shops are up for sale.

The shops at 1-4/15 East Coast Road offer the opportunity to buy one, two, three or four entry-level beachfront retail investments.

They are being sold by Ray White Commercial Queensland’s Michael Feltoe and Ray White Commercial Bayside director Nathan Moore.

A Burleigh Heads shopping centre at 5-7 Tallebudgera Creek Road also will be go up at the same sale.

DELIGHTFUL: Point Lookout on North Stradbroke Island.

DELIGHTFUL: Point Lookout on North Stradbroke Island.

Mr Moore said the Point Lookout shops were a terrific opportunity for first-time investors as they were situated in one of Queensland’s most tightly held markets.

“Here we have four complementary opportunities comprising an entire ground floor of retail for astute investors to purchase,” he said

“The net incomes range between $38,933 and $63,266 plus GST, with guaranteed income growth with four per cent annual increases.

“These lots provide a secure income underpinned by three-month security bonds and personal guarantees with 8-10-year net leases expiring 2021-2023.

“The assets are ideally positioned in the high-traffic tourism precinct of the beautiful Point Lookout on North Straddie and comprise 67-97sq m lots with al-fresco dining areas.”

The auctions will take place on Friday December 7 at 10.15am at Level 26, 111 Eagle Street, Brisbane.