A development site in the heart of Noosaville has sold under the hammer to interstate developers 30 per cent above reserve.
Located at 1 and 2/25 Thomas Street, the property, a residential duplex comprising two strata units, sold for $1,972,500 after hitting the market for the first time in 28 years.
Despite each strata unit being owned separately, Ray White Commercial Noosa and Sunshine Coast North commercial property consultant Chantel Dielwart said the vendors decided to market them simultaneously, giving buyers the chance to secure the total site.
“The auction day was super busy with a crowd of over 30 people and seven registered bidders all battling it out to become the new owners of this prime position Noosaville development site,” Ms Dielwart said.
“After 72 bids, the property sold for a huge $1,972,500 that was over 30 per cent above the reserve!
“Both of the vendors, Gladys and Keith, were overcome with emotions and now can move on with their lives with a very comfortable profit.
“The new owners are from Tasmania and plan to redevelop the block into a mixed-use building comprising some commercial and residential space.”