This opportunity will appeal to owner occupiers and investors. There are very few opportunities in the Noosa/Noosaville area which provide residential and commercial income streams from a single investment!

Lot 1, 187 Gympie Terrace (which faces onto Thomas street) is part of the iconic Islander Noosa Resort which fronts onto waterfront Gympie Terrace and Thomas Street's dining precinct. The resort comprises holiday and permanent residential rentals and has some of the best facilities in the area, including multiple swimming pools, spas, tennis courts, gym, games and BBQ areas, all set within lush tropical landscaping. At street level (Thomas Street and Gympie Terrace), beneath the residential units, is an array of boutique retailers, cafes/restaurants, takeaway food shops and beauty salons.

Ray White Commercial Noosa will be auctioning Lot 1 which comprises:

RETAIL SHOP
• 47m²* retail shop at street level plus an outdoor exclusive use area
• Access to grease trap - has previously been operated as a takeaway business (existing exhaust flue still in situ if the tenant wanted to use)
• The shop is currently tenanted until September 2022. A successful purchaser can decide whether they wish to occupy, or seek a new tenant to lease the shop

RESIDENTIAL UNIT
• 87m²* residential unit located directly above the retail shop
• 2 bedrooms and 1 bathroom over two levels
• Open plan living with balcony overlooking Thomas street
• Residential unit lease has now reverted to a month to month arrangement, providing purchaser flexibility
• Currently rented out at $460 per week

• 1 x allocated carport at the rear
• Underlying land lot size is 70m²*
• East-facing aspect onto the busy Thomas Street retail and dining precinct
• 1 minute stroll to the popular Noosa River front, 10 minutes drive from Hastings Street and Noosa National Park
• Conveniently located within walking distance to Noosa Village Shopping Centre, Woolworths, Dan Murphys and Noosa Homemaker Centre
• Islander Resort facilities include 3 swimming pools, 2 tennis courts, 3 spas, 2 saunas, gym, games room, BBQ areas, guest clubhouse, undercover parking, secure swipe card entry to complex

OPEN FOR INSPECTION TIMES:

Tuesdays 11:00am - 11:45am
Friday 22 April 10:30am - 11:00am prior to auction

AUCTION ONSITE at 11:00am Friday 22 April 2022

Call or email David Brinkley or Paul Butler with any questions or to arrange an inspection.

Our team is strategically located in two offices across the Sunshine Coast region and is ready to handle your commercial, industrial and retail property needs today so call or email now.

* Approx.