Illustrious Coast restaurant site on the market for $11m
AN ILLUSTRIOUS Sunshine Coast restaurant's prime waterfront site is selling for $11 million.
The two-storey site of Sails Restaurant was developed by Lyndon Simmons on freehold land in Hastings St, Noosa, two decades ago.
The site is described in Tom Offermann Real Estate's marketing campaign as Australia's only five-star absolute beachfront restaurant and as "quintessential Noosa".
"(It) is the pinnacle of freehold commercial opportunities in Noosa.
"It has been meticulously crafted to imitate the beachside environment and is juxtaposed perfectly with nautical glamour, reminiscent of luxury yachts."
Principal Tom Offermann said that Noosa was one of the most desirable locations globally.
"And for the patient investor it is a well-credentialed opportunity to add the freehold of the illustrious Sails Restaurant on the foreshore of famous Noosa beach to a portfolio."
A 10-year lease plus three further 5-year options, underpins a safe and secure asset which may well remain in the next owner's family's hands forever and a day.
Mr Simmons bought the freehold of Sails in 1994, and presided over its evolution from beach café to landmark restaurant which looks across the expanse of Laguna Bay and along one of the most pristine coastlines in the world.