A commercial property within a busy precinct has hit the market, offering what agents are calling one of the “most compelling opportunities” in years.
Located at Noosa Junction, the fully leased property has 10 tenancies including a major bank, boutique retailers, food and beverage operators, allied health providers and a beauty salon.
RWC Noosa and Sunshine Coast’s David Brinkley said 1 Arcadia Street, Noosa Heads, was a “landmark” offering.
“This is a landmark holding in one of the Sunshine Coast’s tightest commercial markets,” he said.
“It’s a freehold, single-level site that commands an entire Arcadia Street frontage.
“Properties like this are rarely offered.”
Mr Brinkley said the property generated $515,981 in rent each year, while Westpac Bank had a lease secured until 2030, with options to extend.
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“This is a blue-chip cornerstone of Noosa Junction,” Mr Brinkley said.
“On top of its income security, the land itself has long-term upside.”
RWC Noosa and Sunshine Coast’s Paul Butler said the range of tenancies and strong foot traffic offered a “diversified income stream”.
“You’ve got national and local tenants from multiple sectors – financial, lifestyle, health, retail – delivering both income stability and strong everyday foot traffic,” he said.
“That sort of tenant mix not only spreads risk but it also future-proofs the income stream.”
Zoned as Major Centre, the site covers 992sqm, with 723sqm of internal lettable area and a further 120sqm of licensed outdoor space.
“From a development or repositioning standpoint, this zoning opens the door to future upside, whether that’s vertical expansion, reconfiguration or longer-term land banking,” Mr Butler said.
The agents said interest in Noosa Junction commercial property had been “building steadily” over the past decade, with investors and developers assembling holdings for larger projects or future use.
“Noosa Junction is no longer just the gateway to Hastings Street, it’s become a lifestyle destination of its own,” Mr Brinkley said.
“Investors and developers have been quietly assembling sites here for over a decade.
“This is the type of property that rarely makes it to the open market.”
Expressions of interest for 1 Arcadia Street, Noosa Heads, are open until September 30.
