157 & 159 Mudjimba Beach Road, Mudjimba have sold for $1.665 million, achieving the asking price after a determined campaign to highlight the future opportunity of this combined site.
The rare 1,578m² level allotment with good street frontage is located just 2km from Mudjimba Beach and a 3 minute drive from the new international Sunshine Coast Airport.
Zoned medium density and located within close proximity to the North Shore Medical Centre, Coles North Shore Shopping Centre, a variety of retail and food businesses and the North Shore Tavern, the site has potential for a number of commercial and residential uses such as medical, child care or residential.
“The long-term owners planned to sell to enable them to invest in new commercial opportunities,” said Adam Morley, commercial property consultant.
“The properties were jointly marketed and we fielded enquiry from buyers, investors and developers both locally and interstate,” said Adam. “The properties both have older style high set houses which are continuing to be tenanted for holding income as the purchaser looks to redevelop. Whilst there was a lot of interest from commercial developers, with the current hot residential market, the site is likely to be developed into a residential apartment project.”
For details, contact Adam Morley at Ray White Commercial Noosa & Sunshine Coast North on 5474 7600.