Investors, land-bankers, and developers should take a serious look at this cracking opportunity in the heart of beachside Mooloolaba, with the offering of this 728m2 block zoned Medium Density Residential, with an older style highset home onsite, just a short stroll to beach, river, esplanade dining, and wharf.
Circa 1970 the highset beach house comprises front balcony, four bedrooms, two bathrooms, modern kitchen, open plan living and masses of multipurpose/storage space under along with covered parking and laundry facilities.
In good condition and not without charm, features of the home include timber floors, awning windows, ceiling fans, and split system air-conditioning in lounge; there is plenty of potential to renovate/update if desired. Currently tenanted until late 2026, you can enjoy an income whilst planning to redevelop or just hold on tightly and on-sell in the future for attractive capital gain.
The zoning currently allows for multiple dwellings (townhouses/apartments) with a building height limit of 12-metres; however, the council is in the process of reviewing heights for particular pockets along the coastal strip, including this precinct, which could see the height raised to 22-metres.
In recent years Smith Street has undergone somewhat of a renaissance with high-end apartment buildings dominating the landscape; sought-after due to their close proximity to the beach and all Mooloolaba's attractions.
It's a very 'happening' pocket of development, one of the nearest to the Esplanade, it has been identified as a strategic investment and development location by property professionals, builders, and land-bankers; and is also on the radar of the Sunshine Coast Council for that very reason.
Major amenities including Sunshine Coast Airport, University of the Sunshine Coast, public and private hospitals, and the Maroochy CBD are within a 10-20-minute driving radius; and it is 65 minutes to Brisbane International Airport.
Investor owner is highly motivated to sell; this opportunity will generate a tsunami of interest; it could well be "the" auction of 2025! Contact Agent(s) to find out more.
* PRIME Development Site In Central Mooloolaba
* 728m2 Zoned Medium Density Residential
* Highset Older-Style Home Currently Tenanted
* 4 Bedrooms, 2 Bathrooms, Modern Kitchen
* Masses Of Storage/MPR Under + Parking Space
* Short Walk To Esplanade, River, Beach, & Wharf
* Current Building Height Limits Are 12-Metres
* Proposed Increase To 22-Metres (Under Discussion)
* Cracking Opportunity For Developers & Land-Bankers
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