O-Ren Brewhouse secures lease on Noosa’s famous Hastings Street

O-REN Brewhouse & Modern Asian Restaurant has snapped up an assigned lease for $210,200 p.a. + outgoings + GST at Lot 5, 30 Hastings Street, Noosa.

The famous strip, synonymous with tourists from all over the world, garnered interest from across the globe with offerings on Hastings Street a hot commodity.

The property was marketed and leased by Ray White Commercial Noosa and Sunshine Coast North Commercial Property Consultant David Brinkley.

“The previous tenants who occupied the tenancy relocated to a larger restaurant space in Hastings Street and were wanting to assign the balance of their lease term,” Mr Brinkley said.

“We had lots of interest on this property due to it having an existing restaurant fit-out in place and being on the street-front within the ever-popular Hastings Street retail precinct.

“There were prospective tenants contacting us from all over Australia and even a couple internationally, all eager to get the information and see if the site would work for them.

“After a considerable amount of negotiations and inspections, we narrowed the field to three very keen restaurateurs who had concepts which really appealed to the lessor and outgoing tenants.

“The decision was made to move forward with local restaurateurs who were responsible for the creators of Copperhead Brewery, which is in the nearby town of Cooroy.

“Their concept ‘O-Ren Brewhouse & Modern Asian Restaurant’ is Noosa’s newest venue. It serves up a fusion of funky cocktails, craft beers and modern Asian share-style cuisine, which has been welcomed by locals and tourists alike.

“I was very pleased to be able to assist the outgoing tenants with assigning their lease and to help a couple’s long-term goal come to fruition, as well as securing a street-front position on the tightly-held Hastings Street.

“I find it incredibly rewarding to be able to help facilitate an assignment of lease such as this which had a tight timeframe to be completed in. It’s always a great feeling when both tenants and vendors walk away with smiles on their faces.”

*Approximately.