PRIME Development & Land-Banking Opportunity

Offered to the market for the first time is this four-property parcel of neighbouring sites with a combined land total of 2,142m2, all zoned High Density, in a central Maroochydore location, just 270-metres to the river and walking distance to Sunshine Plaza, CBD, local schools, public transport, and dining.

The site commencing at 27 Anzac Avenue and wrapping around in an L-shape to incorporate 47-51 Hinley Avenue; the breakdown of sizes is as follows:

47 Hinley Avenue: 519m2
49 Hinley Avenue: 508m2
51 Hinley Avenue: 508m2
27 Anzac Avenue: 607m2

The zoning in the current planning scheme could allow a building with a 12-metre height limit; however, council are currently looking at new proposed zoning which, if passed, could see this extended to a 22-metres, which could accommodate a six-storey building.

There are architecturally designed plans in place for a 47-apartment building, comprising 39 x 2- bedroom and 8 x 3-bedroom apartments across five levels, plus ground floor parking for 66 vehicles. These plans are available for perusal upon request.

Located on the eastern side of Maroochydore in the absolute heart of the river precinct; walkability is exceptional with all the lifestyle attractions such as beach, river, parks, shopping, movies, dining, and entertainment accessible on foot, and perhaps even the workplace!

Maroochydore has undergone an extensive and exciting renaissance in recent years, boosted by millions of dollars of public and private sector investment including the creation of the SunCentral CBD, and is undisputedly the lifestyle and commercial capital of the Sunshine Coast, home to the council chambers and an absolute focal point for continued investment and entrepreneurial endeavours.

Contact Agent(s) to find out more and express your interest. This is an exceptional opportunity for a forward-thinking land-banker or developer, with pending possible changes to height restrictions further boosting potential yield.

Summary of Features:

- First time to market, 4-neighbouring properties, totalling 2,142m2
- High density residential zoning, possible increases to height restrictions
- 270m to the river, walk to Plaza, CBD, Cotton Tree, schools, & transport
- Architecturally designed plans for 47 units (5-storeys) available for perusal
- PRIME site in central Maroochydore riverside precinct, investment gold!