Independent and FREE - 2021 Best Online Publication

Disco fever: nightclub freehold sells for $3.55m

Independent and FREE – 2021 Best Online Publication (Qld Country Press)

Disco fever: nightclub freehold sells for $3.55m


Disco fever: Maroochydore nightclub freehold sells at auction for $3.55m

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Taking on a different feel during the daylight hours, the building that is home to the ‘Old Soul’ whiskey, disco and lounge bar was auctioned in front of a sober midday crowd.

With a floor area of 401sqm sitting on 655sqm of land at 19 Ocean Street, Maroochydore, the tenanted investment is located in the heart of Maroochydore’s bar and dining precinct.

After a successful campaign by Nick Dowling, Daniel Vella and the team at Colliers, it sold for a very solid $3,550,000.

The same team from Colliers will be auctioning the freehold of the McDonald’s store on the Nicklin Way, Minyama, this Wednesday, March 24, at 12pm.

Cheeseburgers will be served 11.50am at the Meeting Room, next to the Green Zebra Kawana Island where the auction will be held.

The market continues to solidify after another successful week of Sunshine Coast property  auctions.

Of the 19 auctions we’ve tracked, 16 sold on, or before, the auction, putting our clearance at 84%.

This is compared to the same time last year all our auctions were cancelled due to COVID- 19.

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The rarity of vacant land was only amplified when 6 Janet Street, Alexandra Headland, was auctioned Friday night at 6pm.

The 300m2 allotment (pictured) attracted plenty of interest during the campaign and another 150 plus arrived for the sunset auction.

Jared Young from Nicholl & Young teamed with Jay Sherwell from Home Sunshine Coast and there were 11 registered bidders with two eventually jousting it out.

The final price at $1,260,000 activated another negotiation between marketing agents and their seller. “If sold above the reserve, I’ll shave my moustache,” the seller claimed. As the whiskers fell, the seller quoted: “a moustache isn’t a moustache unless you can see it from behind”.

Appointed by the mortgagee, Liz Hope, Jay Pashley and the team at North Shore Realty auctioned 102/80 North Shore Road, Twin Waters.

102/80 North Shore Road, Twin Waters.

There were 15 registered bidders, all hopeful to secure the property. With the bidding kicking at $650,000, it pushed past $1 million.

Then there was solid bidding in $25k increments until the property was secured at $1,150,000. It sold to long-term locals who plan to renovate and enjoy the home for some time.

Adam Budd from Ray White Kawana continues to yield great results in his beachside market after the successful sale of 7 Coongarra Esplanade, Wurtulla, this weekend.

After a campaign producing 191 groups and 10 written offers, the scene was set to achieve the best of the market.

With 19 registered bidders and 120 in attendance, the bidding kicked at $1 million, escalating to $1.5m where the property was sold to a local purchaser.

Classic original homes always prove popular. The 70s classic at 26 Sugar Road North, Maroochydore, was a dream property to auction.

Tucked in front of the soon-to-be-developed entertainment precinct in new CBD, the property quickly gained traction at the auction.

Rob Whiting, from Century 21 on Duporth, encouraged buyers to push past strategies and budgets to secure the property, believing over time the purchase would prove very favourable. The hammer eventually fell at $745,000.

Gordon Macdonald, founder of The Auction Group, has been calling auctions on the Coast for more than a decade after an earlier career in real estate sales. His column each Monday is compulsory reading for anyone interested in the hottest sales and latest tales from the property frontline.