Coolum Beach Block Sold at Auction
A substantial block of vacant land within the Coolum Beach Industrial Estate on the Sunshine Coast has been sold at auction by Ray White Commercial Noosa & Sunshine Coast North.
The 2,010 sqm site at 72-74 Link Crescent, Coolum Beach, was sold to a local businessman for $296,000 by Ray White Commercial Noosa and Sunshine Coast’s Tracey Ryan on behalf of a deceased estate.
Tracey Ryan said there were 10 registered bidders at the auction following strong interest in the marketing campaign for the block, which was fully fenced and included hardstand.
“All bidders were local including several who already owned sites in the estate,” she said.
“It was an excellent turn out and in the end the bidding came down to a battle between two buyers bidding in $1,000 increments before the property was sold under the hammer for $296,000.”
Tracey Ryan said the Coolum Industrial Estate is a rapidly expanding precinct comprising 147 lots, including small to medium core industrial sites plus the new state government large format blocks.
“The estate is conveniently located within easy access to the Sunshine Motorway and David Low Way via Yandina-Coolum Road and is located approximately 15 minutes from the Sunshine Coast Airport.”
As we lead into summer, commercial property investors should be taking proactive steps to safeguard their assets against the risks of extreme weather, such as wild storms and dry conditions.
Competition for limited commercial space in Noosa’s Hastings Street is hotter than ever, with an influx of high-end and luxury brands.