Large Noosa Industrial Site Hits the Market for First Time in Three Decades
A large 2,863sqm site in Noosaville’s tightly-held industrial precinct has hit the market for the first time in more than three decades.
Tewantin Development Site Sold
A centrally located land parcel with redevelopment potential (STCA) close to the Tewantin CBD on the Sunshine Coast has been sold by Ray White Commercial Noosa & Sunshine Coast North.
The vacant 1012 sqm block at 85 Poinciana Avenue, Tewantin, was sold for $690,000 to an interstate developer by Ray White Commercial Noosa & Sunshine Coast North’s Paul Butler and David Brinkley on behalf of a local owner.
Paul Butler said multiple offers were received for the level rectangular block of land approximately 100m from the Tewantin CBD.
“Enquiry levels for this site were very strong due to its proximity to facilities and amenities, main road frontage and potential for residential or possibly commercial development (STCA),” he said.
“We had enquiry from local and interstate buyers with the majority of interested parties looking to build a residential townhouse complex on the site.”
David Brinkley said the site is currently zoned for attached housing.
“The property offers an exciting development opportunity being within a short walk of the Tewantin CBD,” he said.
A large 2,863sqm site in Noosaville’s tightly-held industrial precinct has hit the market for the first time in more than three decades.
They say you can find gold at the end of a rainbow, and that was exactly the case for the buyers of the Rainbow Beach Shopping Centre, which sold for $4.43 million. The dominant centre in one of Australia’s most popular tourist destinations, it sold to a private Queensland investor following a tightly contested auction with six registered bidders at a yield of 7.32 per cent.