Retail | Other

Rachel Cadamy, Tracey Ryan and David Brinkley from Ray White Commercial Noosa & Sunshine Coast are pleased to present Lot 1, 185-187 Gympie Terrace, Noosaville to the market for sale.

Part of the iconic Islander Noosa Resort, a mixture of holiday and permanent rentals with some of the best facilities available on the coast, this property presents an opportunity for both owner occupiers and investors to secure property in Gympie Terrace's riverfront retail precinct.

Lot 1 is a mixed use development with a tenanted 2 bedroom unit above and a retail space below. Fronting onto Gympie Terrace, the property has a perfect north facing aspect, with views across landscaped parks and Noosa River towards Noosa Spit. The underlying lot size is 74m²*.

The street level commercial space is positioned in a corner location with excellent exposure to pedestrian traffic and vehicles into and out of the resort. Currently vacant, it would be ideal for a business owner looking for an additional income stream provided by the unit above.

While currently permanently let until March 2024, there is an opportunity to holiday let the unit, providing flexibility for owners to enjoy the property and still receive income. Upgrading and adding your personal touches is also an option which would impact positively on your return within the holiday letting pool.

RETAIL SHOP
• Corner position with prominent signage exposure
• 74m²* space including 50m²* internal area plus covered outdoor use area
• Suit retail/food & beverage/Office (STCA)
• Access to grease trap
• Superb location overlooking Noosa River
• Being sold with vacant possession

RESIDENTIAL UNIT
• 87m²* tenancy located directly above the retail shop
• Leased to 04/03/2024
• 2 bedrooms and 1 bathroom over two levels
• Open plan living with balcony overlooking Gympie Terrace
• Ceiling fa...