An eight-square-metre kiosk in Noosa Heads has sold for $1.105 million after hitting the market for the first time in 20 years.
The tiny landmark on Hastings Street, part of the Bay Village complex, fetched a premium price for its prime position on the vibrant strip near Main Beach.
The sale of 8/18 Hastings Street was negotiated by John Petralia and David Brinkley of Ray White Commercial Noosa & Sunshine Coast, who said the property generated strong interest thanks to its location, visibility and rare standalone structure in one of Australia’s most visited retail precincts.
“It might be one of the smallest structures on Hastings Street, but it’s certainly one of the most well known,” Petralia said.
“Its visibility and character have made it a true landmark over the years.”
Originally used as a tour bookings booth, the kiosk evolved with the times, becoming home to various food-based businesses in recent years.
The new owners are a well-established coffee business with more than a dozen locations across three states.
“They’re perfectly positioned to make the most of this site’s high exposure and strong customer flow,” Brinkley added.
“This sale demonstrates that even the smallest properties can command premium prices when the fundamentals are right.”