Tenanted Noosaville Commercial Building for Sale at Auction

Tenanted Noosaville Commercial Building for Sale at Auction

A modern commercial building with Jetts Fitness as an anchor tenant at Noosaville on the Sunshine Coast is being offered for sale via auction by Ray White Commercial Noosa.

The two-storey building with approximately 340 sqm of lettable area at Lot 4/ 5 Gibson Road, Noosaville, is being marketed by Ray White Commercial Noosa’s Paul Forrest and John Petralia on behalf of a local investor.

John Petralia said approximately 42 per cent of the property is leased to Jetts Fitness and has four years left to run on the current lease with an additional two x five year options. The remaining space is home to a professional centre tenanted by a number of medical and allied health professionals, all on individual leases.

“Very few commercial buildings catch your attention, however Lot 4/ 5 Gibson Rd with its distinctive Jetts Fitness red facade is one of the exceptions,” John Petralia said.

“The net rent from this multi tenanted property is approximately $138,283 per annum plus outgoings and GST.”

Paul Forrest said the complex sits boldly opposite the Noosa Village Shopping complex and is positioned on busy Gibson Road, 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 represents a solid and attractive investment,” he 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.”

The auction will be held on site at 11am on Friday, August 7, 2015.