A two-level building that hosts one of the region’s best-known eateries has been listed for sale, with approval in place for a luxury apartment upstairs.
No. 30/6-8 on tourist strip Hastings Street, which is home to the popular Chip ‘n’ Mix store, is expected to attract plenty of attention from prospective buyers.
Ray White Commercial Noosa & Sunshine Coast’s John Petralia said the site had benefited from the shop’s profile.
“The property gained enormous exposure when Chip ’n’ Mix opened, becoming one of the most talked about hospitality launches in Noosa,” Mr Petralia said.
“Combined with the existing income and the approved residential conversion upstairs, it represents an exceptionally rare investment opportunity.”
The property is returning $245,000 per annum plus outgoings.
The asset includes approved plans to transform the upper level into a 90sqm luxury apartment with private street access, creating a premium mixed-use opportunity in the beachfront retail precinct.
Two car parks add further value in a location where parking is at an absolute premium.
“The hard work is done. A buyer gets strong income from a popular tenant downstairs, plus approved plans for a luxury apartment upstairs with its own access,” Mr Petralia said.
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The Chip ‘n’ Mix store took Noosa Heads and the internet by storm last year.
It went viral on social media for its “world first” loaded fries offering, similar to popular weigh and pay frozen yoghurt bars.
Customers can build their own loaded fries with a rotating selection of locally sourced toppings.
