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Circa 6.5% Yield On Noosa's Hastings Street

Lot 20/18 Hastings Street, NOOSA HEADS QLD, 4567

For Sale

Property for Sale in Lot 20/18 Hastings Street, NOOSA HEADS QLD, 4567

Ray White Commercial Noosa & Sunshine Coast North

Suite 204, 90 Goodchap Street, Noosaville, QLD 4566

Listing ID:
11355658
Status:
Active
For:
Sale
Price:
All Offers Considered
Last Updated:
04/11/2019
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Property Type

Retail
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Land Area

N/A
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Floor Area

59 SQM
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Parking

N/A

Circa 6.5% Yield On Noosa's Hastings Street

Rare opportunity to invest in Hastings Street with an impressive asking yield at 6.5%.

We will present all offers to the owner and it will be sold quickly.

The Simply Pies business has been located in this highly sought after and extremely busy Hastings Street food court location, right in the heart of all the action in iconic Noosa, since 2011.

+ Long term tenant with a 5 year and 11 month lease expiring 31 October 2021

+ Two further options of 3 years

+ Annual net rental of $96,732.23 + outgoings + GST (approx)

+ Annual increases at 4% with Market Review at option

+ Cafe space fronting onto a huge seating area

+ Quality operator with multiple stores throughout Queensland and New South Wales

The property is ideally located in the Bay Village food court surrounded by a vibrant mix of food retailers including Acai Nation, Noosa Kebab, Noosa Juicer and Gelatissimo, as well as retail shops, beauty and health services, a nightclub and a two level car park with over 130 car spaces and ample toilet amenity.

Call or email Matt Marenko or Louisa Blennerhassett to inspect the property or find out about other suitable options.

Our team is strategically located in two offices across the Sunshine Coast region and is ready to handle your commercial, industrial and retail property needs today so call or email now.

For more details, please email agent

Ray White Commercial Noosa & Sunshine Coast North

Suite 204, 90 Goodchap Street, Noosaville, QLD 4566


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