News

Waterlilly freehold sells for $1.7M on famous Hastings Street

AN investor has snapped up the freehold of Waterlilly, a specialist boutique offering high quality Australian swimwear and resort clothing brands, for $1,700,000 on Noosa’s most famous strip at Lot 4/25 Hastings Street.

The asset, that came with a 43sq m* building size, had two car parks and storage on the title and was directly opposite Peter Kuruvita’s Noosa Beach House Bar.

The freehold was marketed and sold by Ray White Noosa and Sunshine Coast North Directors Paul Butler and Paul Forrest.

Mr Butler said the excellent shop was a Hastings Street institution and offered great street frontage and glazed frontage to a resort reception.

“Waterlilly are long standing tenants in Hastings Street, with multiple outlets, and are very well regarded by customers and other operators in Hastings Street,” Mr Butler said.

“This sale rounds out a very busy year in Hastings Street with sales starting in January of the sites occupied by Signature, Peter Alexander, Goddess, Who Invited Her, Bow and Arrow and Hop and Vine, to name a few.

“Yields have tightened somewhat and we expect this trend to continue on the back of falling interest rates in Australia. Local buyers still rule the roost in regard to sales activity, but there’s been a definite upswing in international enquiry for the strip.”

*Approximately.

Up to Date

Latest News

  • Renowned Coastal Swimwear Retail Group Hits The Market

    A rare opportunity has emerged to acquire one of the Sunshine Coast’s most iconic and strategically positioned retail swimwear businesses. John Petralia of RWC Noosa & Sunshine Coast is proud to be selling the Noosa Swimwear Collective, comprising four thriving swim and resort wear retail locations across Noosa Heads, Coolum … Read more

    Read Full Post

  • Local Secures Noosaville Site with Long-Term Vision

    A high-profile retail property at 301 Weyba Road, Noosaville has been sold for $2.15 million, with strong buyer interest driven by its strategic location and future redevelopment potential. The property is tenanted by popular restaurant Mr Jones and Me.

    Read Full Post