A local Sunshine Coast buyer with a vested interest and passion for the hospitality industry has snapped up an outstanding commercial strata investment, currently home to the popular “One Up Bar” directly opposite the glistening oceanfront, along the popular Mooloolaba retail strip.
Situated at 26/121 Mooloolaba Esplanade, Mooloolaba, the "One Up Bar" is on the first level of "Mantra" with a five year lease until February 2022 plus a further five year option.
The strata titled 342sq m* bar/restaurant overlooks the magnificent Pacific Ocean, commanding a high profile location on Mooloolaba Esplanade and was sold by Jason O’Meara and Scott Gardiner of Savills Sunshine Coast who said the long term large format bar/restaurant use with significant fit-out, has a sustainable rent with a long trading history.
The property boasts full ocean views with bi-fold window frontage, providing relaxed "fresh salt air and blue water" dining, has an additional 15sq m* exclusive use storage room within the basement carpark, lift access to the tenancy, plus one (1) exclusive use basement car park.
Mooloolaba Beach – voted the fourth best beach in Australia in the 2019 TripAdvisor Travellers’ Choice Awards - within two minutes, or cycle or walk to Mooloolaba Spit for calm, sheltered swimming and delicious seafood enjoyed fresh off the trawler.
Mooloolaba is also one of the busiest seafood ports on the eastern seaboard. The wharf is a hive of daily activity with trawlers bringing in boatloads of seafood.