Government-Leased Asset in Maroochydore Launches With $14.95m Price Tag

Leading commercial agents Tallon Pamenter, Josh Harris and Paul Butler of RWC Noosa & Sunshine Coast are pleased to announce the release of  21-23 Carnaby Street, Maroochydore to the market for sale via Private Treaty, with a price guide of $14,950,000 + GST (if applicable).

Positioned in the heart of the rapidly evolving Maroochydore CBD, the multi-level freehold office building presents a rare opportunity to secure a high-quality, government-anchored investment in one of South East Queensland’s most tightly held commercial precincts.

The property is fully leased to a strong tenant profile including the State Government of Queensland (Department of Housing, Local Government, Planning and Public Works), Queensland Building and Construction Commission (QBCC), and the Returned & Services League (RSL), delivering a diversified and highly secure income stream.

Generating a net income of $766,407 per annum* and supported by a WALE of 4.15 years, the asset benefits from fixed annual and CPI-linked rental reviews, as well as future lease options that provide additional long-term income certainty.

Tallon Pamenter said the offering represents a standout opportunity for investors seeking stability and growth. “Opportunities of this calibre are exceptionally rare on the Sunshine Coast. A fully leased, government-backed investment in a prime CBD location provides an unmatched level of income security and tenant covenant strength,” Mr Pamenter said.

Josh Harris highlighted the property’s strategic positioning and underlying market fundamentals. “Maroochydore is the Sunshine Coast’s designated Principal Centre and continues to experience significant infrastructure investment and population growth. This asset is perfectly positioned to benefit from those long-term drivers, with limited competing supply and strong demand from institutional and government occupiers,” Mr Harris said.

Paul Butler emphasised the investment’s broad appeal to a range of buyer groups. “With its strong income profile, fixed rental growth and high-quality tenant mix, 21–23 Carnaby Street is a highly bankable asset. We expect significant interest from private investors, syndicators and funds seeking secure cash flow in a proven growth location,” Mr Butler said.

The property comprises a net lettable area of approximately 1,930sqm* across multiple levels, with a gross floor area of 2,053sqm* on a substantial 1,761sqm* site.

Mr Pamenter added that the combination of location, income security and future upside makes this a compelling investment proposition.

“This is a true set-and-forget asset with all the fundamentals investors are seeking; strong tenants, consistent rental growth and a strategic CBD position within one of Queensland’s fastest-growing regions,” he said.

For further details and a copy of the Information Memorandum, please contact the agents.

Tallon Pamenter
0414 361 901
tallon.pamenter@raywhite.com

Josh Harris
0452 604 478
josh.harris@raywhite.com

Paul Butler
0418 780 333
paul.butler@raywhite.com