This article is from the Australian Property Journal archive
A BOUTIQUE retail investment property in Noosa, tenanted by fashion operator Chloe & Grace, has changed hands for $417,000.
Shop 4, 201 Gympie Terrace has a floor area of 40 sqm and was sold by Nick Wilson and Gary Skelton of Colliers.
It is leased to Chloe & Grace on a three-year deal until April 26, 2020, returning around $31,593.95 per annum net plus outgoings and GST.
The tenancy has one designated on-site car space and is positioned among other retail and hospitality tenants including Amo Gelato, Noosa Brow Co and Thomas Corner Eatery, and metres from the Noosa River.
Australian Property Journal