Directly opposite Peregian Beach is a once-in-a-generation opportunity on the Eastern Beaches of the Noosa Shire, for a rare and exciting development opportunity with three adjoining lots, three street frontages and land totaling 2606m2.
Long term owners, who currently manage the three complexes, each with four apartments, have decided to pass the opportunity baton onto entrepreneurs with a vision, given the multiple opportunities for optimisation of the site. These include land bank, renovate and of course raze and replace with the ultimate redevelopment, after all it's only footsteps to toes-in-the glistening white sand, and of course with a north-east aspect, there will be stupendous views of the Coral Sea.
Currents holdings on each site are:
66 Peregian Esplanade, Peregian Beach
Coral Apartments:
Land Area 954m2
4 x non-strata-titled apartments
Rental income $64,220.00pa
1 Martin Street, Peregian Beach
Coral Apartments
Land Area 855m2
4 x non-strata- titled apartments
Rental income $67,430,000pa
23 Avocet Parade, Peregian Beach
Coral Glen Apartments
Land Area 797m2
4 x strata- titled apartments
Rental Income $69,940,000pa
"If a secret to success is to triple the rate of opportunity, then this is the trifecta," extols Tom Offermann Real Estate agent Tracy Russell .
"Interest parties should also be aware that opportunities for the multiple density approved site include 3 x duplex site, 3 x houses, 1 house, 2 x houses and keep apartments also, 1 house & keep apartments also renovate, and short term let
Development Site with 3 Street Frontages
Facts & Stats:
Total Land Area: 2606m2 (.26ha)
Development: Noosa Shire Council medium density approval
66 Peregian Esplanade, Peregian Beach
Coral Apartments:
Land Area 954m2
4 x non-strata-titled apartments
Rental income $64,220.00pa
1 Martin Street, Peregian Beach
Coral Apartments
Land Area 855m2
4 x non-strata- titled apartments
Rental income $67,430,000pa
23 Avocet Parade, Peregian Beach
Coral Glen Apartments
Land Area 797m2
4 x strata- titled apartments
Rental Income $69,940,000pa
Total income $201,500.00pa
Fixed term leases in place for 1 year, all ending late 2022 early 2023.
| All apartments managed by current owner
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