Located in the commercial hub of Airlie Beach Town Centre, 283 Shute Harbour Road represents a compelling investment opportunity with significant redevelopment potential. Acquired last in July 1996, this property is perfectly positioned to capitalize on the bustling local tourism and retail sectors. Offering a rare opportunity, it presents a chance for investors to secure a footprint in a thriving market.
Prime Location: Situated on Shute Harbour Road, the property benefits from high visibility and footfall, essential for retail and commercial success in Airlie Beach's dynamic town centre.
Stable Tenancy: Hosting two established tenants, Airlie Beach Trading Post Souvenirs and Where? What? Now?, the property ensures consistent rental income, enhancing its attractiveness as a secure investment.
Redevelopment Potential: The rear building, damaged in Cyclone Debbie, is earmarked for redevelopment. With its versatile past as a beachfront restaurant, medical centre, and day spa, it offers a unique opportunity for transformation into a high-value commercial or hospitality venture.
Strategic Growth Opportunity: The property's strategic location and flexible use potential make it an ideal candidate for development projects aimed at tapping into Airlie Beach's growing tourist and local consumer base.
Investors and developers are invited to explore the potential of 283 Shute Harbour Road, considering the following:
Market Positioning: Leverage the property's prime location to enhance or reposition the asset within the Airlie Beach market, capitalizing on the area's tourism growth and retail demand.
Development Flexibility: The site's zoning and spatial dimensions support a variety of redevelopment projects, from commercial ventures to hospitality establishments, offering multiple pathways to value creation.
Income Stability: Benefit from the existing tenancies to secure immediate income while planning for long-term redevelopment and asset optimization.
283 Shute Harbour Road offers a strategic investment opportunity for those looking to expand their portfolio in Airlie Beach. With its blend of immediate income potential and long-term redevelopment prospects, this property is poised for significant value creation. Investors are encouraged to act promptly to seize this distinctive offering in a highly sought-after location, setting the stage for a successful venture in the heart of Airlie Beach's commercial district.
Contact Brett Dwyer 0447 583 759 or brett.dwyer@raywhite.com
