This article is from the Australian Property Journal archive
PRIVATE owners have traded a Noosaville showroom on the Sunshine Coast for $4.2 million.
The 1,461sqm Lot 1 of the Noosa Homemaker Centre at 18 Thomas Street sold on a yield of 7.5%, returning around $316,000 per annum from tenants including national brands Forty Winks and Rivers, with the latter recently renewing its lease.
Paul Butler and Paul Forrest of Ray White Noosa & Sunshine Coast North sold the property, which is located next door to Dan Murphy’s and Woolworths.
“Prior to Rivers renewing their lease the site was sought out by high profile Australian tenants. The owners have never had a vacancy in the showroom,” Butler said.
Australian Property Journal
