TWO separate Noosa properties owned by the same vendor have sold separately for a combined total of more than $6M, at 48-59 Kabi Road
(pictured above) and 404 Kinmond Creek Road
(pictured below), both in the suburb of Cootharaba.
Kabi Noosa had been developed as an organic golf course and orchard on a vision to create the world’s first fully certified organic facility of its kind.
404 Kinmond Creek Road, known as ‘The 404’, was originally purchased to support the Kabi operations and had been run with certified organic status for a number of years.
The assets were marketed and sold by Ray White Commercial Noosa and Sunshine Coast North trio Louisa Blennerhassett, Paul Butler and Paul Forrest.
Ms Blennerhassett said the properties were taken to market with a commercial focus, understanding that the buyer for the properties would be an astute commercial operator, either as a venue/functions centre or operational rural property.
“Marketing for the properties comprised an extensive targeted campaign, specifically designed to attract overseas and interstate buyers, as we were conscious the local market had been saturated over previous years,” she said.
“Kabi improvements include an organic fruit operation, functions/restaurant space, golf course and cleared farming land. The 404 included 163ha* of prime agricultural country, with vast pasture improvements, sheds and a two-storey home.
“After being on the market unsuccessfully with other agents for three years, both properties were under contract within 10 weeks of taking them to the market.”
Mr Butler said buyer enquiry for both the properties was diverse, ranging from interstate, overseas and locally.