Land Tax Increases Wreaking Havoc on the Sunshine Coast Commercial Market
Excessive land tax increases are placing additional pressure on Sunshine Coast investors, property owners and tenants in an already challenging economy.
Located at 23 and 25 Sidoni Street, the corner blocks provide the perfect opportunity to secure strategically located development sites within the prestigious Noosa Shire.
The site, totalling 2,006sqm, is being marketed by Ray White Commercial Noosa and Sunshine Coast North agents David Brinkley and Tracey Ryan.
“Tewantin has seen unprecedented residential growth in recent years, adding to the growth of a thriving retail/commercial precinct which is encompassed by Poinciana Avenue, Sidoni Street, Doonella Street and Memorial Avenue,” Mr Brinkley said.
“The sites have Business Centre zoning, offering a wide range of possible uses for the sites including commercial, retail or residential.”
Ms Ryan said the sites were the only vacant parcels of land left within the Tewantin CBD.
“Surrounding development includes a mix of retail and commercial uses, including a Woolworths supermarket and Noosa Council Chambers,” she said.
“While situated within the CBD, the properties enjoy the amenity of the waterways and beaches that are close by.”
The properties will be auctioned individually onsite on Friday March 4 at 11am.
Excessive land tax increases are placing additional pressure on Sunshine Coast investors, property owners and tenants in an already challenging economy.
With more than 30 years in real estate on the Sunshine Coast, Stephanie’s understanding of the regional commercial market is second to none.