The only commercial marina on the Maroochydore River, and one of only a few on the Sunshine Coast, is up for grabs at a time when local tourism has bounced back from the temporary downturn caused by the lockdown earlier this year.
The leasehold marina is being sold along with a 506-square-metre freehold property, which has a cafe and two apartments upstairs and is directly across from the 319-square-metre jetty.
And according to the agent, the combination of assets makes it one of the Sunshine Coast’s most unique commercial holdings.
“To be selling it with an adjacent property is rare, because generally these things never come up at the same time,” Ray White Commercial Noosa & Sunshine Coast North’s John Petralia said.
Mr Petralia sold the marina to the current vendors when it hit the market a few years ago, while they were operating the cafe across the road.
“Real estate 101 is, when you’re selling something, you talk to everyone around the property. The synergy was obvious,” Mr Petralia said.
“The next buyer will own the leasehold for the marina, which is the only commercial marina on the river. So, that in itself is rare.
“In Noosa, there’s about six or seven of them, but there will not be another commercial marina put anywhere, in Noosa, or on this river.”
The sale of the 30-year leasehold over the marina also includes the eco tours business Cruise Maroochy, and two river boats.
Mr Petralia said the vendors were heading into retirement after a number of years building up the businesses.
The 129-square-metre Bradman Riverhouse Cafe operates out of the freehold property, which also includes a three-bedroom residential unit with river views, and a two-bedroom unit, both of which both of which would suit short-term letting.
The sale comes as local tourism operators are seeing a pick-up in business from Queenslanders holidaying locally, and the possibility of the border with NSW reopening after the Queensland election on October 31.
The rare nature of the property meant that inquiries had been strong over the first weekend of the campaign, Mr Petralia said.
Both businesses were available to be purchased with the associated properties or could be purchased separately, he said.
Interested buyers had been keen on the entire parcel of businesses, or cherry picking one or two of the assets.
“What we’re selling is everything – it’s the businesses, the leasehold for the marina, the building, and the cafe,” Mr Petralia said.
“The reality is, we may well end up with two buyers, and that someone wants just the assets, and then someone else wants the businesses.
“Because it’s not often you’ll get a property owner that wants to be involved with the businesses.”
Buyer interest has been coming from near and far with many investors from Brisbane and the southern states keen to secure a stake in the strengthening Sunshine Coast commercial market, Mr Petralia said.
He was also selling an ocean-front retail space at nearby Peregian Beach that was due to be auctioned later this week.
“I’ve had 40 inquiries for that one and I’ve whittled it down to about six people who are the real buyers,” he said.
Offers to purchase 267 and 270 Bradman Avenue, Maroochydore, close at 4pm on November 12, 2020.
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