Investment/Development Opportunity with Holding Income

5 Wrigley Street, Maroochydore is a block of seven units comprising 4 x 1 bedroom, 1 bathroom, 1 car; 2 x 2 bedroom, 1 bathroom, 1 carport; and 1 x 4 bedroom, 1 bathroom, 1 car on a 632m2 site – all currently tenanted and generating a gross annual income of $191,360.

The Principal Centre Zoning covers uses including retail, commercial, residential, and community – purchaser will need to do appropriate due diligence to ensure intended use/plans will be permissible by council.

In recent years Maroochydore has benefited from multi-million-dollar infrastructure improvements and investment from both the private and public sector, and is very much the leading retail, commercial, and entertainment hub of the Sunshine Coast; central not only in terms of activity but geographically within a 12-18 minute radius to the airport, major hospitals, and the university.

This is a versatile portfolio that caters to a broad range of investment strategies and development visions. Whether you are an investor seed to land bank and enjoy the returns whilst holding or a developer looking to capitalise on the potential for vertical expansion; this is an opportunity that will deliver assured future prosperity. Contact Agent for copy of Information Memorandum.

*Subject to council approval

- Prime investment/development opportunity
- Principal Centre Zoning – development potential
- Possibility of buildings up to 18 meters (stca)
- All currently returning stable income stream
- Landbank – hold & enjoy returns or develop
- Walk to beaches, CBD, Plaza, Cotton Tree
- Contact Agent for Information Memorandum