3 & 5 Mungar Street Maroochydore QLD 4558

Emily Pendleton from Ray White Commercial Northern Corridor Group and Christine Freney from Ray White Commercial CSR are pleased to present 3 & 5 Mungar Road, Maroochydore to market for sale via Offers to Purchase.

This is a rare opportunity to acquire a prime infill development site with prior approvals already in place, perfectly positioned near the rapidly growing Maroochydore City Centre. Just moments from the Sunshine Coast's leading retail hub, Sunshine Plaza, this site is strategically located for a range of future developments.

With Principal Centre zoning and a generous height allowance of up to 40 metres*, the property offers flexibility beyond the current Development Approval, making it an attractive prospect for a variety of potential projects.

Key Property Highlights:
• MCU in place for a mixed-use development featuring 56 one- and two-bedroom apartments plus commercial space, with a maximum building height of 25 metres*.
• Zoned Principal Centre, offering diverse development opportunities across residential and commercial uses, with potential for breathtaking ocean views.
• Generous 1,371sqm* landholding with 39 metres* of street frontage to Mungar Street
• Both dwellings are currently vacant, providing an opportunity for immediate development. Alternatively, leasing them out could generate an estimated holding income of approximately $90,000* per annum.

Located in the heart of Maroochydore, this prime site offers exceptional connectivity to key employment hubs, premier retail destinations, and lifestyle amenities. With development opportunities in high demand and limited supply across Queensland, this is a rare chance to secure a sought-after site in a thriving growth corridor.

Contact the agents today for more information.