A ONE-of-a-kind freehold redevelopment site with extensive holding income is being offered for sale in one line within the heart of Kings Beach, only metres from the oceanside pool and surf club.
The two properties located at 1 Moreton Parade and 52 Edmund Street, Kings Beach offers a large 1601sq m parcel of land.
Improved with the now vacant ex-Kings Beach Service Centre and Tradewinds Apartments that comprises six fully-leased residential apartments, there is also the potential to utilise a council easement for additional car-parking and access.
This unique amalgamated opportunity has never been presented to the market previously. It comes after Kings Beach Service Centre, that has been operating at the site for well over 30 years, has relocated to a larger premise in Caloundra.
The property is ideally located within walking distance to Queensland's best and safest beach in 2015/16, as voted by Surf Life Saving Queensland.
The two lots are situated within Tourist Accommodation and High Density Residential zoning under the Sunshine Coast Planning scheme.
With building height limits up to 21 metres, it offers considerable potential for higher-density, multi-level development comprising a mix of residential and commercial tenancies, subject to Council approval.
Will Carman and Scott Gardiner of Savills Sunshine Coast have been exclusively appointed to market the adjoining 1 Moreton Parade and 52 Edmund Street, Kings Beach properties for sale in one line via an offers to purchase campaign closing at 4pm Thursday, April 6.
Mr Carman said the property presents as an outstanding opportunity to invest and develop into one of the Sunshine Coast's fastest growing regions.
"This is a rare opportunity to acquire a landmark property holding in the heart of Kings Beach, which offers not to be built out views through the Kings Beach amphitheatre and popular beach precinct" he said.
The adjoining of the two properties provides huge potential with endless opportunities comprising a very healthy holding income of circa $99,320 per annum.
Amalgamated redevelopment sites of this nature so close to the beach are very rare to find across the Sunshine Coast and are hotly contested.
1 Moreton Pde and 52 Edmund St
What: Prominent beachside redevelopment site
Features: Two properties offer 1601sq m parcel of land containing ex-Kings Beach Service Centre and six fully-leased residential apartments. Within Tourist Accommodation and High Density Residential zoning
Price: Offers to purchase campaign closing at 4pm Thursday, April 6
Agent: Will Carman and Scott Gardiner of Savills Sunshine Coast
Contact: 0477 666 355 or 0415 679 112
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