+15 Photos

SOLD

Lots 13, 14, 15 & 16, 29 Sunshine Beach Road, Noosa Heads, QLD, 4567

Properties / Sold / Queensland / Noosa Heads

Tenanted Investment

1. Property Summary

Selling Method

Expression of Interest

Selling Details

Closing Thursday 22 June at 4pm

Floor Area

2500 m² (*approx)

Property Type

Retail

Sub-type

Shopping Centre

Est. Income

$1,100,000 p/a

Fully Leased

Birch Carroll & Coyle and Lift Gym

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2. Property Highlights

Noosa Cinema Complex and Ancillary Retail with a WALE of 7.9 years

Estimated Net Income of $1,100,000 p.a.*
Leased to Birch Carroll & Coyle to 2031
WALE of 7.91 years

Colliers is pleased to offer Lots 13, 14, 15 & 16, 29 Sunshine Beach Road, Noosa Heads for sale.

Known as the Noosa Cinema Centre, the offering is underpinned by a lease guaranteed by Birch Carroll & Coyle Limited until June 2031, with additional income from a fitness centre on a new 5 year lease until 2027.

- Current net income of approximately $1.1 million*
- Combined NLA of over 2,500sqm*
- Net Lease terms with excellent annual reviews
- 63% of interest entitlements in the Community Title Scheme
- Located in the heart of Noosa Heads in the bustling Noosa Junction precinct only a short distance from Hastings Street and Sunshine Beach
- Strong demographic catchment with over 2 million tourists per annum
- Benefits from immediate access to a 280 vehicle public car park
- Potential for longer term redevelopment of the site

For Sale by Expressions of Interest closing Thursday 22 June 2023 at 4pm (AEST)

For further information or to arrange an inspection, please contact exclusive marketing agents Nick Dowling, Jesse Howitt or Reff Sykes.

* Approx.