David Brinkley and Tracey Ryan from Ray White Commercial are thrilled to present these two key central Hastings Street retail shops to the market.
Enjoying prominent street frontage in what is arguably the most concentrated foot traffic area on the tightly held Hastings Street retail strip. Shops 5 & 6 are part of the Fairshore luxury beachfront accommodation complex located at 41 Hastings Street.
Both properties are well leased by long term established businesses. Accom Noosa has a shorter remaining term which presents opportunities for owner occupiers. Tigerlily is one of the most popular retailers on the street and the position is perfect for their business.
SHOP 5
• 38m²* retail shop
• Secured lease with Accom Noosa who have been tenants for 39 years. Accom Noosa are Noosa's only 100% holiday accommodation management company
• Current rental return $280,716.55 net per annum
• 5% or CPI (whichever is greater) rental increase 15 November 2023
• Current lease term runs until 14/11/24
• One allocated carpark
• FOR SALE: $4.5M
SHOP 6 - UNDER OFFER
• 41m²* retail shop
• Secured lease with Tigerlily swimwear who have occupied the tenancy since 2008 and are established as one of Australia's leading premium swimwear brands. They operate retail boutiques in Australia and distribute worldwide.
• Current rental return $236,578 net per annum ($248,406 from October 2023)
• 5% increase annually 13 October 2024, 2025, 2026 & 2027
• Current lease term runs until 12/10/28
• One allocated carpark
For further details, please call or email Tracey Ryan or David Brinkley.
Our team is strategically located in offices in Noosa, Maroochydore and Caloundra to handle your commercial, industrial and retail property needs across the Sunshine Coast.
Noosa & Maroochydore offices: 5474 7600 | noosacommercial.qld@raywhite.com
Caloundra office: 5491 4600 | caloundracommercial.qld@raywhite.com
* Approx