Investors soar in with successful bid for Noosa building

A TWO-storey commercial building in Noosa has been sold at auction for $1,501,000 to local investors.

STRONG INTEREST: Local investors paid $1,501,000 for a commercial building featuring Jetts Fitness as an anchor tenant at Noosaville

A MODERN commercial building with Jetts Fitness as an anchor tenant at Noosaville on the Sunshine Coast has been sold at auction by Ray White Commercial Noosa for $1,501,000.

The two-storey building with about 340sq.m of lettable area at Lot 4/5 Gibson Rd, Noosaville, was sold to local investors by Ray White Commercial Noosa's Paul Forrest and John Petralia on behalf of a local investor.

Mr Petralia said the property attracted strong interest and continues a run of Ray White Commercial Noosa's auction properties selling above the reserve.

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"There was keen competition for the property which is 40% leased to Jetts Fitness Noosa, with the remaining space home to a professional centre tenanted by a number of medical and allied health professionals," he said.

"The net rent from this multi tenanted property is approximately $135,802 per annum plus outgoings and GST."

Mr Forrest said the distinctive complex sat boldly opposite the Noosa Village Shopping complex and was positioned on busy Gibson Rd, which is a major thoroughfare between Noosa Heads and Noosaville.

"As a high-exposure building with plenty of parking in front and at the rear of the building, this property represented a solid and attractive investment," Mr Forrest said.

"Both the Jetts' portion of the property and the professional centre have recently undergone major renovations. The depreciation benefits of this will be passed on to the new owner."

Further inquiries to Mr Petralia on 0414 812 719 or Mr Forrest on 0408 985 254.