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Back 59 Memorial Avenue
Off Market

59 Memorial Avenue

Maroochydore QLD 4558

12
6
6
545 m²
670 m²
Block of units
Last sold for $3,100,000
Cameron HicksCameron Hicks, last sold this property on 24 September 2025 after 42 days on market.

Overview

Premium Unit Block Investment & Development Opportunity – Cotton Tree Coastal Precinct

This is a rare opportunity to secure a prime unit block holding in the heart of one of the Sunshine Coast's most sought-after coastal hubs. Positioned just metres from both the Maroochy River and Maroochydore Beach, this exceptional site offers immediate rental income with significant long-term redevelopment potential. The Land: Occupying a 670 m²* north-facing allotment, the property enjoys a blue-chip location just one street back from the Maroochy River and a short stroll to Cotton Tree Village, the Ocean Street dining precinct, and the Maroochydore CBD. The Improvements: The existing improvements comprise a two-storey complex of six (6) x 2-bedroom, 1-bathroom, 1-car apartments, complemented by a sparkling in-ground pool. This configuration provides a strong base for consistent rental returns with scope for rental uplift. The Opportunity: Fully tenanted, the property currently delivers solid holding income. There is further potential to increase returns through lease renewals and rental adjustments, capitalising on Maroochydore's exceptionally strong rental demand, while you plan the site's future. The Development Potential: Zoned Medium Density Residential (12m height limit – approx. 3-4 storeys) under the current Sunshine Coast Planning Scheme, the property is earmarked in the draft Town Plan for an increased height limit of 22m (approx. 6–7 storeys), creating outstanding redevelopment scope. The property could also be Strata Titled to form 6 individual units. (STCA). For further information, including a detailed Information Memorandum, please contact us. Email: cameron@homesc.com.au | Phone: 0477 770 745 Disclaimer: We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.

Features

12 bedrooms
6 bathrooms
6 carspaces
6 garage spaces
545 m² floor area
670 m² lot size
Block of units

Estimated Value

We need at least 3 similar 12 bedroom block of units sold in Maroochydore over the last 12 months.

Property history for 59 Memorial Avenue

2025
Sold
$3,100,000
Private Sale/Treaty on 24 Sep 2025 by Cameron Hicks, of Home Sunshine Coast

Happy sellers in Maroochydore

84%
84% of sellers in Maroochydore reported that their sale price either exceeded or met their price expectations.

Maroochydore stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 162 reviews in Maroochydore over the last 12 months.

Local market activity for 12 bedroom block of units in Maroochydore

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Maroochydore

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Lauren Hedgman

Sellers who recommend Lauren Hedgman have praised them for being clear communication, local expert, responsive, friendly, easy to work with, stress-free process and honest

  •   5   (150 reviews)
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Pam Thomas

Sellers who recommend Pam Thomas have praised them for being clear communication, local expert, responsive, friendly, reliable, honest and well-prepared

  •   4.9   (230 reviews)
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Ryan Tomlinson

Sellers who recommend Ryan Tomlinson have praised them for being clear communication, local expert, responsive, great negotiation, reliable, friendly and supportive

  •   5   (262 reviews)
  •  17 Reviews in Maroochydore
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Briana Nicholson

Briana Nicholson is a recommended agent for Maroochydore.  They have 13 local sales and collected 11 local reviews across the last 12 months.

  •   5   (18 reviews)
  •  11 Reviews in Maroochydore
  •  13 Sales in Maroochydore
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