3-5 Mungar Street Maroochydore QLD 4558

Colliers present an outstanding opportunity to purchase a major Development Approved infill site, on the doorstep of the emerging Maroochydore City Centre and within a stones throw of the regions premier retail destination, Sunshine Plaza.

Zoned Principal Centre and with a 40 metre* height limit, the site presents a variety of development options in addition to the existing Development Approval.

Key Features of the property include:
- Existing MCU approval for 56 x 1 & 2 bedroom Apartments + Commercial to a height of 25 metres*
- Principal Centre Zoning with a 40 metre* height limit presenting a variety of potential development outcomes including Residential, Retail, Food & Drink, Commercial with Ocean & hinterland views
- 1,371sqm* site with 39 metres* of frontage to Mungar Street & services to the boundary
- Holding income potential of approx. $80,000* (gross) from the 2 x existing residential dwellings
- Key Maroochydore location within walking distance of a variety of Employment, Retail, Leisure and Lifestyle amenities
- Significant development opportunity within one of the most in demand and supply constrained markets in Queensland and Australia

For Sale by Expressions of Interest closing Thursday 4 July 2024 at 4pm

For more information, or to arrange an inspection, please contact the exclusive marketing agents Nick Dowling or Baydn Dodds

* Approximately