A mixed use strata titled investment in the Islander Noosa Resort at Noosaville on the Sunshine Coast has been sold by Ray White Commercial Noosa & Sunshine Coast North for $650,000.
The tenanted property at Lot 4 Islander Noosa Resort, Thomas Street, Noosaville, was sold to a local investor by Ray White Commercial Noosa & Sunshine Coast North’s David Brinkley on behalf of a local owner for a yield of 7.3 per cent.
David Brinkley said the 39 sqm ground floor is occupied by the award winning “Burger Bar” restaurant and directly above this is a 60 sqm two storey, two bedroom one bathroom residential unit which is rented on a permanent basis.
“We had a lot of enquiry since listing the property with a lot of people liking the idea of having the mixed income streams from the commercial and residential,” he said.
“The position of the retail shop is right in the heart of Thomas St, which has a selection of very popular restaurants/takeaways.
“The tenancies are part of the Islander Noosa Resort, which is one of the largest resorts in Noosa.”
David Brinkley said commercial investment opportunities in the Noosa region were in strong demand.
“We are hunting investment stock to try and keep up with the amount of enquiry we are receiving from investors who are turning to the commercial market,” he said.
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.