The chance to snap up a piece of highly sought after industrial space in the heart of Noosaville has arisen as two properties on Eumundi Noosa Road are up for auction.
The first property is a 1,797sqm site located at 144 Eumundi Noosa Road, while the second property is a 258sqm strata unit located at Unit 7, 169-171 Eumundi Noosa Road.
Both properties are being brought to market by Ray White Commercial Noosa and Sunshine Coast North.
The first property comprises eight industrial units, six which have sitting tenants and two which are occupied by the current owner. All of these have been on long-term monthly tenancies which provide buyers with flexibility to owner occupy or secure existing/new tenants at an increased rental rate more in line with the current market.
Lead agent Ray White Commercial Noosa and Sunshine Coast North director Paul Butler said the site was “ripe for renovation or redevelopment”.
“This property has been held by the same owners since 1989,” Mr Butler said.
“They have operated their businesses successfully from this location for over 33 years and enjoyed a steady income from the other tenanted units within the complex.
“The site has a massive northerly view corridor through the adjoining NightOwl Shell Noosaville service station.”
The second property comprises a single strata unit as part of the Noosa Decor Centre complex.
Lead agent David Brinkley said the property is currently used as the Regain Hope Charity Store and comprises a warehouse area used for second hand furniture / clothing storage/sales, office and a meeting room.
He said tenancy could quite easily be returned to its original open plan layout if a buyer were seeking a workshop with storage.
“The Noosa Decor Centre complex comprises only eight strata tenancies and enjoys frontage and access onto Eumundi Road as well as Commerce Court,” Mr Brinkley said.
“Unit 7 is a warehouse with exposure onto Commerce Court and includes four allocated off-street car park spaces.
“The existing tenants, Regain Hope Charity Store, who have occupied the site since 2016, have had their lease term extended until 21 July 2022.
“It will then revert to two week roll over terms to provide both owner occupiers and investors the ability to decide what suits their needs best.”
The auction for 144 Eumundi Noosa Road will be held onsite on 22 July at 11am.
The auction for Unit 7, 169-171 Eumundi Noosa Road will be held at the Ray White Commercial Noosa and Sunshine Coast North office at 90 Goodchap Street, Noosaville, on 15 July at 11am.
Article source: noosatoday.com.au