SOLD: Matso’s Brewery, Eumundi | Landmark Sunshine Coast Hospitality Investment Secured

The Emily Pendleton Team at Ray White Commercial Northern Corridor Group is proud to announce the successful sale of Matso’s Brewery, Eumundi, one of the Sunshine Coast’s most iconic hospitality investments and a truly standout result for the region’s commercial property market.

Formerly Joe’s Waterhole, a historic Queensland pub established in 1891, the property underwent a $7.5 million redevelopment before reopening in December 2023 as a flagship venue for Matso’s Brewery, part of Australia’s fourth largest independent brewery group and the force behind Australia’s number one independent craft beer and number one independent ginger beer.

The asset presented a rare combination of premium infrastructure, a nationally recognised tenant and a brand new 10-year lease delivering $450,000 net income per annum with 100% outgoings paid by the tenant, a genuine set-and-forget investment in one of the Sunshine Coast’s most visited precincts.

Positioned on a 3,474m²* site directly opposite the famous Eumundi Markets and within 25 minutes of Sunshine Coast Airport, Maroochydore CBD and Noosa, the property offered unrivalled exposure, consistent patronage and long-term income security underpinned by a tenant with serious national scale.

Emily Pendleton said the result reflected the depth of investor appetite for premium hospitality assets on the Sunshine Coast.

“The sale of 85 Memorial Drive, Eumundi highlights the strong demand for premium hospitality assets, with Matso’s Brewery and its landmark position driving significant investor interest. Opportunities of this calibre remain tightly held across the Sunshine Coast.” 

Congratulations to all parties involved on an outstanding result.

For more information on commercial investment opportunities across the Sunshine Coast and Northern Corridor, contact the Ray White Commercial Northern Corridor Group team.