Dual retail lots break $3 million at Sunshine Coast auction

There was much competition at auction for two Noosaville lots in one line and a starting bid of $2 million was brought up to a final bid of $3.3 million from a buyer just north of the NSW border.

Located at 5 Gibson Road, Noosaville both Lot 4 and Lot 5 both come with new 5 year anchor tenant leases expiring in April 2024, with an additional five-year option possible.

Lot 4 at approximately 340 sqm, produces a net income of $125,175 p.a. + GST.

Lot 4 houses seven professional offices. 

While Lot 5, at approximately 379 sqm, produces a net income of $90,893 p.a. + GST.

The assets were marketed by Ray White Commercial Noosa and Sunshine Coast North Commercial Property Consultant John Petralia.

Mr Petralia said enquiries coming from locals, Brisbane, Sydney and Melbourne.

"Interstate buyers really appreciated the opportunity that was on offer."