New Italian Restaurant Comes to Coolum Beach
A new Italian restaurant is opening in the Coolum Beach retail and food precinct on the Sunshine Coast after its owners secured premises through Ray White Commercial Noosa & Sunshine Coast North.
The restaurant to be named Woodfired Pizza & Pasta Bar will be operated by Ben and his capable staff who also run an Italian restaurant at Caloundra.
They have leased 8/1796 David Low Way, Coolum Beach, in a deal negotiated by Tracey Ryan of Ray White Commercial Noosa & Sunshine Coast North.
Tracey Ryan said as well as the 94 sqm main restaurant tenancy, there is a 32 sqm outdoor dining area.
“It’s exciting to have a new Italian restaurant on the beach front at Coolum Beach,” she said.
“These premises were formerly occupied by Beach Bar and Grill and it’s tremendous to have a new tenant as the property had been vacant for some time.”
Tracey Ryan said the beach front retail and food precinct at Coolum Beach was starting to tighten.
“This is a significant retail space,” she said.
“It’s terrific for Coolum as the restaurant offerings are expanding and Woodfired Pizza & Pasta Bar will be joining Thai, Japanese and seafood restaurants.”
The restaurant tenancy has been leased for 3 + 2 years for net rental of $91,700 per annum.
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.