28 Alexandra Parade, Maroochydore, QLD, 4558, Australia

The opportunity to secure an irreplaceable piece of paradise combined with compelling development potential is beyond rare along our coastal foreshore. Currently comprising a fully let block of nine apartments. - 6 x 2 bed, 1 bath units - 3 x 1 bed, 1 bath units - total income is approximately $210,000 per annum - individual leasing information available upon qualified request The future of this exemplary parcel is however, a blank canvas. Situated immediately opposite the Casuarina covered dunes which frame the pristine golden beach, there is no freehold real estate closer to the waves. Only a few strides to the front door of the surf club and a few more beyond to the flags of the patrolled beach. Blue Chip barely captures the quality of this position. Renowned as one of the most sought after locations to live on the entire Sunshine Coast, Cotton Tree has become the success story of the local real estate market. With a severely limited supply of luxury new homes available, any addition to the market will be met with many interested buyers. This perfect storm of market conditions should give confidence to anyone planning the future of this property. TERMS OF PURCHASE - All offers must be in writing with fully expressed conditions and terms and presented on an approved contract of sale. - Internal inspections are by private appointment only some lots may not be available to view during inspections, all efforts will be made to facilitate all requests. - No current Development Approval (DA) in place - No representations are made to any future use, change of use or any specific potential development application validity. CURRENT ZONING - Entire block within one contour gradient (flat parcel) - High-Density Residential Zone - 12m height limit (current town plan) - Priority Infrastructure Area - One of the few very rare coastal parcels with little to no flooding overlay LOCATION - Directly adjacent to patrolled beach and surf club - Short stroll to Cotton Tree Village with shopping, dining, medical, post office, cafes and retail. Cotton Tree Esplanade beyond extends this amenity. - Short drive to Sunshine Plaza - Many kilometres of coastal walking trails and bike paths at your doorstep. - Approx 15 minutes to the Sunshine Coast Airport - 5 Minutes to Mooloolaba - Situated on a quiet and peaceful one-way section of Alexandra Pde with ample parking. - Library, tennis courts and sporting fields within a few minutes walk - Surf break and swimming immediately in front of the property. Opportunities to secure generational properties are rare and this has to be one of the most unique and potential-packed parcels to come to market in many years. Do not miss your chance.