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37 & 39 Moreton Parade, Kings Beach

6
BEDS
4
BATHS
3
CARS
Sold for $2,500,000

1,220m2 RARE SITE CENTRALLY LOCATED HIGH DENSITY ZONING WITH GREAT HOLDING INCOME & VIEWS

These double block sites don't come to market every day! This large and centrally located high density zoned site will achieve some great views – it's estimated from 2nd or 3rd levels upwards. 1,220m2 of land in total across the 2 lots. Currently four tenancies in place returning a gross income of almost $70k per annum at present. Lease details available on request.

In terms of location you can't get much more central to everything the amazing lifestyle has on offer at Kings Beach & Caloundra - these are the distances to some notable landmarks/locations:
Kings Beach: 250m
Happy Valley: 325m
Bulcock Beach: 600m
Top of main street & Sunday markets: 220m
IGA: 320m

These two properties are being offered as one site and with the obvious development potential (subject to council approval) we expect to see some strong interested. The lack in supply of new residential units as well as increasing prices and demand makes this site an attractive development opportunity.

Get in quick to secure this fantastic versatile site. Develop now or buy and hold with the four reliable tenants in place.

Tender closes 1 April 2021.

Disclaimer:
During the COVID-19 pandemic we are taking additional steps to make sure everyone can stay healthy and safe when inspecting properties. We ask that you don’t attend any of our open homes or private inspections if you:
1. are suffering from flu-like symptoms or are unwell,
2. have been in contact with a case of COVID-19 (coronavirus),

Property features

  • Carport Spaces: 1
  • Garage spaces: 2
During the COVID-19 pandemic we are taking additional steps to make sure everyone can stay healthy and safe when inspecting properties. We ask that you don’t attend any of our open homes or private inspections if you: 1. are suffering from flu-like symptoms or are unwell, 2. have been in contact with a case of COVID-19 (coronavirus),

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