“Retail assets are highly regarded with buyers as a long-term investment strategy, offering a secure tenant and banks still willing to finance.”
Mr Ajaka said the location of the asset and its annual rental returns were real drawcards for potential buyers.
“The property is located in an area known for its beaches and as a holiday destination with tourist attractions such as Mogo Zoo nearby and the airport in Moruya,” he said.
“It’s in a really good pocket where there’s a regular hive of tourism from both Australians and overseas visitors.
“With a net rent of $151,563* p.a. + GST and with the lease not expiring until 2022, with 3×5-year options, buyers really appreciated the opportunity that was on offer.
“Beyond the traditional retail area, there’s also an office, staff lunch room, store room, loading dock and lots of parking.”