The campaign generated more than 130 enquiries from investors across Australia and overseas, highlighting the continued demand for tightly held commercial assets in Noosa.
RWC Noosa & Sunshine Coast agents Paul Butler and David Brinkley managed the successful campaign.
Mr Butler said the property’s combination of location, tenant security and income growth potential drove significant buyer interest throughout the campaign.
“97 Noosa Drive offered all the key fundamentals investors are chasing - a prime gateway location, a secure long-term tenant, strong annual income, and excellent future growth prospects,” he said.
“The volume of enquiry we received was exceptional and came from a very broad buyer pool, including interstate and international investors.”
Positioned at the gateway to the Noosa Heads CBD along one of the region’s busiest corridors, the 940sqm freehold asset benefits from exceptional exposure within the tightly held Noosa Junction precinct. The property comprises a freestanding commercial building with 662sqm of net lettable area, an outdoor breakout zone, basement parking for up to 19 vehicles, and secure storage areas.
The asset is fully leased to wellness operator TH7 Body Labs, who committed to the property in 2023 on a 10-year lease with a further five-year option. The tenant has also invested significantly into transforming the building into a state-of-the-art recovery and wellness facility, creating a premium specialised fitout that further strengthened the asset’s appeal to investors.
Mr Brinkley said the quality of the tenant and presentation of the property resonated strongly with buyers.
“The property presented exceptionally well, and TH7 Body Labs has invested significantly into creating a high-end wellness facility, which further strengthened investor confidence,” he said.
“With limited opportunities to secure freestanding commercial assets in the Noosa Junction precinct, competition remained very strong throughout the campaign.”
The property currently generates a net income of $294,586 per annum and is well positioned to benefit from continued growth and development investment across the Noosa market.
