The 1745m2 land parcel is zoned mixed-use residential, and is located in a high density precinct. It is located right across from the beach, is near local shops, and has two street frontage, with rear access from Kitchener street.

A quiet beach is less than 80 metres away, fronting pristine water looking towards Caloundra and the northern end of Bribie Island. The land is also 60 metres to popular shops, including convenience stores and coffee shops. Public transport is nearby. A bikeway/walkway leads along the beachfront towards other popular locations in and around Caloundra.

The precinct is predominantly made up of high density unit complexes on the beachfront. The majority of the units in the precinct are used for holiday accommodation, a smaller percentage are occupied by permanent residents. The density’ of dwellings reduces from medium and high level unit buildings on the beachfront to residential house lots further from the beach.

The development approval was granted by the Sunshine Coast City Council for construction of a 5 level mixed-use commercial and residential complex, The proposed development lies across the 2 sites (1745m2). It consists of 41 residential units and 2 commercial spaces. The units are a mix of 22 x 2b/r and 19 x 1b/r units. All units are very roomy with good sized patios. Around 27 of the units have water views, particularly on levels 3, 4 and 5. The commercial spaces, zoned arts and crafts’, are located at the front of the ground floor. Each commercial space has an internal area of 70m2 and they have additional large outside areas.

The site is currently consisting of;
87 Landsborough Parade; Land area 847m2, has four flats (1 x 3b/r, 3 x 2b/r). All flats have good tenants. They’re old but recently renovated. They require reasonably low maintenance. Rental income from the property is nearly $50,000 p/a

89 Landsborough Parade; Land area 898m2, includes a good sized 3b/r brick house. It has 2 lock-up garages under, and large sheds. It has long-standing good tenants. This property is also low maintenance. Rental income is nearly $19,000 p/a.

Total current income is approximately $70,000 per year.

The project is perfectly suited to a developer or investor wanting an investment with solid income and capital growth potential.
*22 x 2 Bedroom Units*19 x 1 Bedroom Units*140 m2 plus Commercial