Beachside Commercial Precincts in Hot Demand
Sunshine Coast beachside strips have become tightly held commercial precincts. From Noosa to Caloundra, demand from business owners and investors is up.
Tewantin Development Site Sold
A centrally located land parcel with redevelopment potential (STCA) close to the Tewantin CBD on the Sunshine Coast has been sold by Ray White Commercial Noosa & Sunshine Coast North.
The vacant 1012 sqm block at 85 Poinciana Avenue, Tewantin, was sold for $690,000 to an interstate developer by Ray White Commercial Noosa & Sunshine Coast North’s Paul Butler and David Brinkley on behalf of a local owner.
Paul Butler said multiple offers were received for the level rectangular block of land approximately 100m from the Tewantin CBD.
“Enquiry levels for this site were very strong due to its proximity to facilities and amenities, main road frontage and potential for residential or possibly commercial development (STCA),” he said.
“We had enquiry from local and interstate buyers with the majority of interested parties looking to build a residential townhouse complex on the site.”
David Brinkley said the site is currently zoned for attached housing.
“The property offers an exciting development opportunity being within a short walk of the Tewantin CBD,” he said.
Sunshine Coast beachside strips have become tightly held commercial precincts. From Noosa to Caloundra, demand from business owners and investors is up.
With the 2032 Olympic and Paralympic Games on the horizon, the Sunshine Coast is undergoing a period of significant growth – and our Maroochydore team is perfectly placed to help clients capitalise on the momentum. As part of RWC Noosa & Sunshine Coast, the Maroochydore office is home to a … Read more