Oasis up for grabs in premium Noosa hub

AN ESTABLISHED retail strip in Noosa Junction is set to fetch more than $5 million when it goes under the hammer next month.

Oasis Centre at 16 Sunshine Beach Rd has been owned by the same family for 30 years and comprises 10 retail and office tenancies across two buildings and 15 car-parking spaces on a 1518sq m site.

CBRE’s Rorey James, who has been appointed to market the shopping centre with colleagues Rem Rafter and Kevin Tong, said it was rare for a retail complex in the Noosa region to come on the market – particularly one with such a long history of outstanding performance.

“Many of the tenants are longstanding – for example Mermaid Swimwear has operated from the same location for nearly 30 years,” Mr James said.

“Other popular tenants include Black Pepper Café and the Village Bicycle. With this in mind, buyers can be assured the property provides a diverse and sustainable income, returning an annual net income circa $358,000.”

The site has more than 50 metres of frontage to Sunshine Beach Rd, the main thoroughfare running through Noosa Junction.

It’s also close to Noosa Fair Shopping Centre, which is anchored by a strong trading Coles supermarket.

Noosa Junction is the village heart of Noosa.

As well as a strong representation of boutique retailers, it is home to two supermarkets, major banks, a post office, and a full range of medical, legal and business services.

Oasis Centre is for sale by a public on-site auction at 12.30pm on Friday, March 15.