Built as a holiday complex in 1971 consisting of 3 flats, this generational residence is offered for its first time to market.
Earmarked under the Proposed Planning Scheme changes from high density residential zone 25m height to 28m height mixed use zone suitable for residential and commercial usage (STCA)
The key factors,
• 607m2 level site
• 3 original holiday flats consisting of 2 x 2 bedroom & 1 bathroom. And 1 x 3 bedroom & 1 bathroom
• Estimated annual income of $93,600 in the interim while development applications and plans are worked through
• Ample off street parking
• Current 25m height zone, pending 28m height
• 40.2m x 15.1m dimensions
• 300m / 5 minute walk to Mooloolaba Esplanade
• 450m / 7 minute walk to Mooloolaba marina and Wharf Precinct
• Adjoins pre existing commercial and residential properties
• Smith Street is regarded as Mooloolaba's most progressive address for future high rise development
This is a rare opportunity for one of the few remaining undeveloped sites in Mooloolaba, set for auction on the 15th November, we encourage your enquiry and inspection.
*This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
