Rare investment opportunity in Mooloolabas tourism hub
Rare investment opportunity in Mooloolaba's tourism hub
| 1 December 2019
A major Mooloolaba development site close to the township’s main surfing beach has been listed for sale, providing buyers with a variety of investment options.
The 1,346sqm site is situated at 106 Brisbane Road and is currently split into eight tenancies on a single title.
Each tenancy is occupied, generating a combined annual rental income of more than $150,000. However, CBRE Sunshine Coast Managing Director Rem Rafter noted that the investment potential was far greater given the site’s 39.2m frontage to Brisbane Road and ‘Local Centre’ zoning, which allows for a building height of 12 metres.
This would accommodate at least three levels of commercial space subject to the relevant planning approvals.
“An astute investor could develop the site to its maximum potential, hold it as a secure long-term investment, or retain it as a fully tenanted rental asset,” Mr Rafter said.
The site benefits from 21 on-site parking spaces, with work about to start on the nearby Brisbane Road car park, which will deliver more than 700 car parking spaces.
It is within easy walking distance of Mooloolaba Beach – rated amongst the country’s top five beaches by TripAdvisor this year – as well as the retail, fashion and dining precinct of Mooloolaba Esplanade.
Expressions of Interest close December 11, 2019.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.