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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.
The RWC Noosa & Sunshine Coast commercial property consultant is known for developing strong relationships and outcomes that benefit all parties.
The Sunshine Coast maintains a tight grip on its office space, boasting a 5% vacancy rate, the bright spark in an otherwise gloomy national office market.