BEACH ROAD Maroochydore QLD 4558

Situated in a thriving and sought-after city precinct that has undergone significant 'urban renewal' in the past 18-24 months. This property boasts dual street exposure, featuring a commanding 40m frontage along Duporth Avenue and an expansive 62m frontage along Beach Road.

Located directly opposite the new Mosiac 'Avalon' boutique apartment development and immediately next door to the recently completed 'Rythym on Beach' constructed by RGD.

Strong holding income:
Well-established tenants include Coast Life Midwifery, Beach Rd Coffee, and Ultra Tune.
The tenants have conveyed their interest in committing to a long-term lease, with a duration potentially extending 10 years or more.

- Principal centre zoning
- Recently renovated
- Holding income circa $150,830* per annum
- Land area 1,551sq m*
- Building area 467sq m* (over two buildings)
- 21* car parks on-site
- DA approved

DA Approval
- Subject site shares current DA approval with adjoining property for 42 Residential Units (23 x 2 bed; 19 x 3 bed) plus 2 ground floor office tenancies (basement parking)
- The existing (DA) can be revised to exclude the neighboring property, thereby tailoring it to a smaller boutique-style development project

Contact exclusive agent Seba Sabawi on 0402 324 978 for further information

(*Approx.)