59 Memorial Avenue, Maroochydore QLD 4558

This is a rare opportunity to secure a prime unit block holding in the heart of one of the Sunshine Coast's most sought-after coastal hubs. Positioned just metres from both the Maroochy River and Maroochydore Beach, this exceptional site offers immediate rental income with significant long-term redevelopment potential.

The Land:
Occupying a 670 m²* north-facing allotment, the property enjoys a blue-chip location just one street back from the Maroochy River and a short stroll to Cotton Tree Village, the Ocean Street dining precinct, and the Maroochydore CBD.

The Improvements:
The existing improvements comprise a two-storey complex of six (6) x 2-bedroom, 1-bathroom, 1-car apartments, complemented by a sparkling in-ground pool. This configuration provides a strong base for consistent rental returns with scope for rental uplift.

The Opportunity:
Fully tenanted, the property currently delivers solid holding income. There is further potential to increase returns through lease renewals and rental adjustments, capitalising on Maroochydore's exceptionally strong rental demand, while you plan the site's future.

The Development Potential:
Zoned Medium Density Residential (12m height limit – approx. 3-4 storeys) under the current Sunshine Coast Planning Scheme, the property is earmarked in the draft Town Plan for an increased height limit of 22m (approx. 6–7 storeys), creating outstanding redevelopment scope. The property could also be Strata Titled to form 6 individual units. (STCA).

For further information, including a detailed Information Memorandum, please contact us.

Email: [email protected] | Phone: 0477 770 745

Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.