Forde Property is pleased to present 12 Thomas Street, Noosaville for Sale by Expression Of Interest.
- Freehold with excellent holding income
- Superior riverside location
- Multiple value add options
- Zoned mixed use
- Ideal long-term hold
This very rare freehold site of 506 m2 is currently occupied by a successful long-established restaurant and is located in the centre of Thomas Street, one of the most popular riverside streets in Noosa. With neighbouring cafes, restaurants and a mix of retail and offices, this space enjoys excellent exposure to passing pedestrian and vehicle traffic from busy Gympie Terrace and Noosa River.
Proudly perched at the front of the land is a very attractive two level Queenslander-design building containing original features including an expansive external alfresco dining verandah stretching along the front and side. The premises also contains a fully equipped commercial kitchen and amenities and includes 1st floor accommodation.
There is private parking at the rear of the building plus ample parking available on Thomas Street providing easy access for patrons. The long-term tenants in place are a successful restaurant on a secure lease with a gross rent of circa $118k p.a.
This is a very limited opportunity to secure and enjoy a strong cash flow return whilst you consider the multiple options including redevelopment to maximise and add value for the future.
For further details or to submit an Expression Of Interest form contact Tom Forde by email: firstname.lastname@example.org or call 0417 333 335.