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