The high-profile property occupies a commanding position with triple street frontage to Sunshine Beach Road, Arcadia Street and Lanyana Way, and comprises a fully leased freehold asset with ten diverse tenancies spanning banking, boutique retail, food and beverage, allied health and beauty.
With a net lettable area of 723sqm* plus an additional 120sqm* of licensed external space, the property generates a strong net income of $474,941* per annum and attracted significant national investor attention.
David Brinkley said the campaign’s targeted approach was instrumental in achieving a premium outcome.
“We designed a highly focused Expressions of Interest campaign, directly engaging with qualified investors and developers from our database. That strategy generated early momentum and ensured competitive tension throughout the process,” Mr Brinkley said.
The marketing campaign was supported by premium collateral, including professional photography, video and a detailed information memorandum, resulting in more than 3,600 online views and 41 direct enquiries.
Paul Butler noted that despite initial concerns around lease expiries and the building’s age, the asset’s fundamentals remained highly compelling to buyers.
“Seven of the ten leases are due to expire in 2026, which naturally raised questions from investors. However, the long-standing nature of the tenancies, combined with strong foot traffic and the flexibility of smaller tenancy sizes, provided confidence around future leasing potential,” Mr Butler said.
“Additionally, while the building is over 40 years old, buyers recognised the strength of the location and the underlying land value, which ultimately outweighed concerns around maintenance.”
The campaign attracted strong interest from high-calibre investors across the country, with two competitive EOI submissions progressing to the final stage. The successful purchaser, a private investor, secured the asset on favourable terms, reflecting a yield of 5 per cent based on the passing income.
“This result highlights the continued demand for well-located, income-producing assets in tightly held markets like Noosa Heads,” Mr Brinkley added. “Investors are prioritising quality locations and long-term growth potential, and this asset delivered on both fronts.”
The successful sale underscores the resilience of premium coastal commercial markets and reinforces investor appetite for assets with strong fundamentals and future upside.
