Australia

Rainbow Beach stores up for auction


RainbowBeach shopping center for sale.

RainbowBeach Shopping Centre, the only shopping center in Rainbow Beach is set to bring in great deals of interest throughout Australia as it increases for auction.

Located at 48 Rainbow Beach Road, it beings in among Australia’s most popular tourist locations and simply 50 km North of Noosa Heads.

The centre is anchored by a high-performing IGA grocery store, which has actually just recently been restored for an additional 5 years to 2027.

The home is being marketed by Ray White Commercial representatives Michael Feltoe, Paul Butler, Lachlan O’Keeffe and DavidBrinkley

.

“IGA’s in Queensland have performed exceptionally well since the beginning of the pandemic, with average sales growth in excess of 15 per cent across the state,”Mr Feltoe stated.

“We’ve seen first hand the results that can be achieved with the confidence buyers have in experienced supermarket tenants, so we are eager to continue that trend with Rainbow Beach Shopping Centre.”

RainbowBeach Shopping Centre lies on a 2,369 sqm land parcel with 3 street frontages dealing with the only roadway into Rainbow Beach.

The town– which is 3 hours drive north of Brisbane– is a tourist hotspot both in its own right, and as the entrance to Fraser Island, producing considerable weekend traffic throughout the year.

MrButler stated the IGA operator had actually inhabited the centre for 16 years.

“The store has proven itself as the go-to supermarket for not just the local catchment, but as a regular pit stop for day trippers and tourists heading to either Rainbow Beach or Fraser Island,” he stated.

RainbowBeach Shopping Centre auctioned on Friday, August 5, at 10: 15 am.



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