It was an absorbing afternoon in Noosa Heads on Friday, 28 February, as two prime commercial properties were submitted to auction.
One was a retail outlet in the heart of Hastings Street. The other was professional officers at a prominent address in Noosaville.
Marketed by Colliers International and Niche Properties, there was activating on both properties.
The retail outlet at 1 & 2 / 33 Hastings Street, came with a five-by-five year lease to international fashion brand Rodd and Gunn.
The 108sq m holding was one of five in the complex and offered about 10.5m frontage to Hastings St.
Auctioneer Gordon Macdonald described it as “a generational holding … one that is seldom offered.”
It saw active bidding from $5.8m until passed in at $6.8 million with negotiations continuing among bidders unable to present unconditional offers on the day.
The two-level professional offices at 35 James Street, Noosaville, attracted competitive bidding from four parties in the room on the phone, including international interest.
Positioned on a 690sq m corner of James and Mary in the heart of Noosaville‘s commercial centre, it offered a nett lettable area of 174sq m and 40m street frontage.
Fully leased to established dental practice and corporately owned orthodontist, there were 10 on-site car parks.
Bidding started at $2 million and reached $2.4 which indicated a turning point as bidding slowed. New bidding came in at $2.55m then once it reached $2.6m the room came alive as two bidders battled it out – one in the room and one on the phone.
After 37 bids the property was sold under the hammer for $2.96million to the phone bidder from Southern Queensland.
Collier‘s Nick Dowling said commercial property in Noosa, particularly Noosa Heads, was extremely tight at present and offering extremely good returns.
This can be seen in context with the shake-up in the industry at the outset of Covid where a lot of investors took the opportunity to improve their position to main street frontage.
The same can be said of Noosaville which has increased dramatically over the years.
“The key about Noosa is it’s so tight,” Nick Dowling said. “We have a finite supply so we tend to get at a premium – the same as the residential property market.
“It’s about the rents we get the, the yields we get.
“Some people sold as Covid was coming in and others took advantage of that. It was an interesting period.
“Two really good clean assets were presented today.
“The inquiry across the properties offered recently has been exceptional – international as well as local.
“Hasting Street is the key. Noosaville has really come.
“There is simply not enough stock around. Position is the key.”
WHAT’S BEHIND THE GATE?
A gateway property to Eumundi has settled after auction in late November.
Sam Walker and James Rigby of Walker and Rigby said the four-bedroom, two-bathroom, two-car house on 1.97ha at 2/32 Eumundi Range Rd has gone to Gold Coast buyers.
There was interest at auction but the property was passed in, and subsequently achieved $1.450m.
First time offered to market in 21 years, the property with the distinctive red gate comprises sub-tropical gardens and cleared acreage.
There are mature trees, a natural stream and dam with water lilies.
As well as the ranch-style residence there is a double garage that has been converted into accommodation with a separate kitchen, and a separate two-bay Colorbond shed of with an additional 25sq m awning,
The buyers, originally northern New South Wales, wanted to get a tree change from the Gold Coast, and was impressed by the street-scaping taking place in Eumundi.
“The new owners are excited to get their builder started on large renovations,’’ James said.
“The seller’s siblings are both thrilled with the sale but also sad to see family home sold.’’
SUNRISE SPLENDOUR
Tom Offermann Real Estate’s Peter TeWhata, in conjunction with colleague Erica Newton, is marketing what he calls “a phenomenal house’’ at 1 Woodlark Rise, Sunrise Beach.
Going to auction on Saturday, 15 March, at 12pm, it is a builder’s own home that has been architect designed.
“It’s a credit to the architect and the owner,’’ Peter said. “This would be one of the best homes available in Sunrise at the moment.
“There are so many layers and facets on each level … and there are three levels as well as a self-contained apartment.
“You get sea views as well as of the hinterland.
“It has been finished to a very high standard, and features top-quality fixtures and fittings.’’
Using an architect can get the best out of a location, particularly in regard to aspect, and in this case they have done a very good job, Peter said.
As you move through each level there is a different aspect to discover, and a different feel to the home.
Attendances at open homes to date have been exceptional and the Friday evening twilight showings very well attended, so they will be continuing.
There has been a good mix of local, Brisbane and Sydney interests in attendance.
This is something to make the time for … or fly up from Sydney … as it is a home you will go an extra mile to view.
Positioned on a prized corner site, the house provides a blend of seaside sophistication, privacy plus entertaining options, whatever the season. A striking façade reveals a gallery-like living and dining space with burnished concrete flooring, lofty blackbutt ceilings, wood-burning fireplace, and disappearing doors that connection to the lawn, undercover terrace and luminescent pool.
A galley kitchen features porcelain-topped cabinetry, lengthy island breakfast bar, and all the absolute latest in ovens, induction and teppanyaki cookware, fridges and more.
The entertaining has been thoughtfully taken to another level. Upstairs, there’s a wall of wine collectibles in the roomy lounge and dining areas, where slide-away doors expand to the substantial undercover terrace and views over the ocean to Mooloolaba.
A custom kitchen with Brazilian stone-topped cabinetry includes island breakfast bar, walk-in pantry and multiple appliances such as integrated Liebherr fridges.
A long wide window on the west side captures the panorama of the hinterland views and sunsets over Mt Cooroy and Mt Tinbeerwah.
The apartment has a separate entry and driveway, access to the pool, and gated garden.
It comes with living/dining, a Murphy bed and cabinetry, bedroom, bathroom, laundry and galley kitchen.
The workshop studio/garage is purpose-built and fully equipped including bench, cabinetry, two-car garage and storage.
SOUND OPTION
Jill Goode knows Noosa Heads very well, with her many years in the tourism and real estate industry.
On Saturday, 15 March, she takes a three-bedroom, two-bathroom, one-car townhome at 1/53 Noosa Pde, Noosa Heads, to auction at 3pm.
It’s one of nine tightly-held townhomes in the popular Le Court complex, that features back-to-back holiday rentals.
Yet it’s size and location is also appealing to locals as a permanent residency as well as possible investment.
North-east facing, it is seven minutes walk to Hastings St, Noosa Main Beach or a little longer on the boardwalk to the Noosa National Park.
A secure gate from the side street opens into the paved and very private terrace.
There are two pools in Le Court, the legacy of combining a neighbouring complex through the years.
Glass sliders are easily pushed to one side from the living area, to bring the outside inside.
White tiled floors and bag-washed brick walls add a beachy-chic look to the living and dining spaces. The design allows for vision of watch the the pool through a second wall of glass sliders on the northerly side.
The smaller of the two pools is heated in winter
There is a car space at the front, no stairs to climb, and every room has an air-conditioner.
The C-shaped contemporary kitchen with white 2-pac charcoal stone-topped cabinetry, has all the appliances and accoutrements necessary.
On the upper level are three carpeted bedrooms. On the north-easterly side, a main has a walk-in robe, white-tiled ensuite, plus undercover terrace which runs the width of the townhome, and overlooks the gardens.
The two additional bedrooms have built-in robes and share a bathroom.
AUCTION ACTION
SATURDAY, 8 March
Noosa Heads
9 Waterside Ct: 4bed, 3bath, 2car waterfront house, pool, jetty, 2pm, Rebekah Offermann 0413 044 241 Luke Chen 0417 600 840 Tom Offermann Real Estate. Confirm with agents in case of unsettled weather conditions.
28 The Quarterdeck: 3bed, 2bath, 2car house, Nic Hunter 0421 785 512 Adam Offermann 0475 804 467 Tom Offermann Real Estate
Noosa Waters. Postponed until 1pm Friday, 21 March.
