A main street development site in the heart of Maleny in Queensland’s Sunshine Coast hinterland has been sold for $3.4 million.
A main street development site in the heart of the picturesque township of Maleny in Queensland’s Sunshine Coast hinterland has been sold for $3.4 million.
The 5,361sq m site, located over six adjoining lots at 40-46 Maple Street and 8 Fig Lane, is in the direct centre of the well-known tourist town and boasts prime exposure of approximately 40 metres to Maple Street, fronting onto the popualr Maleny Village shops, cafes and restauarants.
The prominent landholding was sold by Gregory Woods of Savills Brisbane in conjunction with Jason O’Meara of Savills Sunshine Coast. The buyer is reported to reside just north of the Sunshine Coast region and has not disclosed plans for the site as yet.
The property has three-street frontage and was sold with a moderate income stream with two commercial dwellings on the main street plus an older-style home on the corner of Willow Lane and Fig Street.
The property is zoned ‘District Centre’ and offers the flexibility for a wide range of potential future uses and developments, including but not limited to retail, commercial, residential units/townhouses, a supermarket, hotel or short-term accommodation, all subject to required Council approvals.
Gregory Woods said the outstanding site presented an exciting new opportunity in the heart of the popular township of Maleny and is ideal for sub-division or a staged mixed-use development.
“We had a lot of strong interest in the site and believe it provdes a platform for a signature development that in time will add to the character of Maleny,” he said.
Jason O’Meara said that future development opportunities for the property are many and the fact that the site offers multiple lots allows for plenty of options for the buyer to fully maximise the potential of the site.
“There are not many opportunities like this available in popular hinterland towns such as Maleny, offering over one and a quarter acres of land in the middle of the main street with the flexibility of this zoning and three-street frontage and access,” Mr O’Meara said.