Interstate buyer swoops on vacant shop

A vacant shop in Peregian Beach that created international interest has been swooped on by an interstate buyer prior to auction for $740,000.

An interstate buyer has purchased a vacant shop at Peregian Beach prior to auction for $740,000.

A VACANT shop in Peregian Beach that created international interest has been swooped on by an interstate buyer prior to auction for $740,000.

The shop, at 2 Kingfisher Dr, was one of four shops in the beachside corner.

The property was marketed and sold by Ray White Commercial Noosa and Sunshine Coast North Property Consultants Tracey Ryan and David Brinkley.

Ms Ryan said unusually for a commercial campaign, the team had conducted open inspections (prior to private inspection restrictions) in the early mornings to catch the coffee crowd.

“The opens were supported by a substantial marketing campaign and resulted in interest both locally, nationally and internationally,” she said.

“One week out from the auction, we received an offer at the reserve level for the auction from an interstate buyer who had inspected the property in the previous week.

“Offers are always welcome prior to auction, and in this case after some negotiating, a deal was struck and the property was sold for $740,000.”

Mr Brinkley said a former local owner had relocated to Brisbane and was looking for additional funds for another commercial investment.

“As a serious seller, he chose auction as his preferred method of sale. The property is one of four commercial units on the beach front at Peregian Beach,” he said.

“The other units in the complex have had a complete renovation and this corner unit of 74sq m, previously leased to an Indian restaurant, was ready for a new approach.

“At this stage, we’re uncertain as to whether the buyer will lease the site or owner-occupy.

“There had been strong demand previously from prospective tenants.”

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