A fully leased commercial landmark in Noosa Heads has sold for $9.4 million, drawing strong interest from national investors.
The high-profile property at 1 Arcadia Street was marketed through an expressions of interest campaign led by David Brinkley and Paul Butler of RWC Noosa and Sunshine Coast.
Boasting triple street frontage and 10 diverse tenancies including banking, boutique retail, food and beverage, allied health and beauty, it spans 723sqm of net lettable space plus 120sqm of licensed outdoor area and generates a robust annual income of $474,941.
Mr Brinkley said the campaign’s targeted approach was instrumental in achieving a premium outcome.
“We designed a highly focused expressions of interest campaign, directly engaging with qualified investors and developers from our database. That strategy generated early momentum and ensured competitive tension throughout the process,” Mr Brinkley said.
The marketing campaign was supported by premium collateral, including professional photography, video and a detailed information memorandum, resulting in more than 3600 online views and 41 direct inquiries.
Mr Butler said despite initial concerns around lease expiries and the building’s age, the asset’s fundamentals remained highly compelling to buyers.
“Seven of the 10 leases are due to expire in 2026, which naturally raised questions from investors. However, the long-standing nature of the tenancies, combined with strong foot traffic and the flexibility of smaller tenancy sizes, provided confidence around future leasing potential,” he said.
“Additionally, while the building is over 40 years old, buyers recognised the strength of the location and the underlying land value, which ultimately outweighed concerns around maintenance.”
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The campaign attracted strong interest from high-calibre investors across the country, with two competitive EOI submissions progressing to the final stage.
The successful purchaser, a private investor, secured the asset on favourable terms, reflecting a yield of five per cent based on the passing income.
“This result highlights the continued demand for well-located, income-producing assets in tightly held markets like Noosa Heads,” Mr Brinkley said.
“Investors are prioritising quality locations and long-term growth potential, and this asset delivered on both fronts.”
The sale reinforces investor appetite for assets with strong fundamentals and future upside.
