Developers (or speculators) take note. Back to back lots totalling over 1000 sqm as close to the beach as you can be in Coolum. This is only one of a few development opportunities left beach-side in the area. Surrounded by 8 and 10 unit buildings indicates the potential.
Currently there are 2 small beachouses occupying the lots so you can still generate some income while the planning process is started.
Addresses are 1846 David Low Way and 4 First Ave.
* Over 1000 sqm
* Direct access to the beach
* Central location
* flat land
* Ocean views from top units
* Beach houses currently on the lots are each 3 bed & 1 bath each
This property (allotments with houses) will be sold together. Two options exist in this opportunity. Buy and hold until the normal market returns and then just flip, or build a multiple unit complex and profit immediately.
Sustainability Declaration available from the agency.