6.2 Percent Return on Tenanted Investment on Noosa's Coveted Riverside

David Brinkley and Tracey Ryan from Ray White Commercial Noosa & Sunshine Coast are pleased to present 3/271 Gympie Terrace, Noosaville to the market for sale.

Located in the "buzzy eat street area" of Gympie Terrace, this prominent riverside property is tenanted by Bandita Mexican Cantina, recently featured in the Sydney Morning Herald Good Food Guide. The restaurant, with its vibrant atmosphere, speciality woodfired menu and dynamic cocktail mixes, capitalises on the soaring ceilings, flowing bifold doors and views from this stunning location.

The restaurant has been successfully operating for 4 years. With a new option term and market review recently agreed, the property is an extremely attractive asset, offering a passing rent of $206,562 per annum + outgoings + GST until January 2028, with a further 2 x 3 year options available.

PROPERTY FEATURES

• 182m²* restaurant area + 37m²* exclusive use outdoor area
• Additional exclusive use areas include 20m²* amenities block + car park/storage area
• Restaurant and kitchen areas were fully refurbished in 2022
• Kitchen fitout includes grease trap, hot water service, mechanical exhaust, 3 phase power and cold room
• Leased until January 2028 with 2 x 3 year options up to 2034
• Current rental $206,562 per annum + outgoings + GST

Call or email David Brinkley or Tracey Ryan to inspect the property or for further information.

Proudly presented by Ray White Commercial Noosa & Sunshine Coast.
Our three offices in NOOSA, MAROOCHYDORE & CALOUNDRA enable us to deliver expert commercial real estate services across the entire Sunshine Coast.

Our experienced team specialises in sales, leasing, property management and business sales, providing local expertise backed by coast-wide reach.

* Approx.
Note: Property uses are STCA (Subject To Council Approval) and subject to change.

Inspections

Explore the area

View in Google Maps

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.