House for sale

10 Seaward Lane,

Marcoola, QLD

4 4 4
$1,900,000

Residential and Commercial Opportunity

As an agent this is the listing you dream of securing.
A rare opportunity to purchase a substantial building located right on the park and so close to the beach.
A building with both residential and commercial space.

The Northern part of Marcoola Beach is THE property hot spot on the Sunshine Coast. Apart from the gorgeous beach and the popular markets and cafes, it's the new airport changes which have savvy buyers excited.

7 Seashore Street on the corner of Seaward Lane was purchased as vacant land by the current owners in 2013. With a beautiful park in front and the beach access only steps away it was the perfect location.

The approval to build two storey luxury residence with a restaurant incorporated was granted and the result is outstanding.

The clever floor plan allows the new owner multiple opportunities as a place of residence or an investment property or a bit of both.

The residential part of the building is one large residence however it can be split into 3 units or 2 units depending on the requirements of the buyer.

The maximum returns will be achieved with two 1 bedroom units returning $380 and $350 per week respectively, and the remainder of the property being a spacious 2 bedroom residence built over two levels an inground pool with an estimated rent at $670 per week
The commercial part of the building is a restaurant leased at $1100 per week.
The combined rent is $2500 per week an 6.84% return.

Here are the details at a glance:

Restaurant:
Fully furnished
Alfresco dining area
Undercover dining area
Inside dining room
Commercial kitchen and bar
Cool room
Laundry
3 toilets (guests & staff)
Inside Storage
External Storage
Liquor Licence

Ground floor Unit:
Furnished
1 bedroom
1 large bathroom
lounge
Kitchenette
Outdoor area
1 car park

Upstairs Unit
Furnished
1 large bedroom (king bed)
1 large bathroom
1 loft with a queen size bed
Lounge and Dining room
Kitchen
Balcony
1 car park

Main Residence
2 bedrooms
2 bathrooms
Lounge
Dining
Office
Laundry
Wrap around balcony
2 car (1 garage + 1 car space)
Swimming pool
Lift well for future lift installation if required.

The main residence is built over two levels with the pool on ground floor and everything else upstairs.
Plenty for buyers to get excited about, however it will be the timber floors and spacious open plan design predicts Mark Lawler from Richardson & Wrench.

Actually the palatial master bedroom suite deserves special mention with a dressing room the size of the bedroom, plus a luxurious ensuite bathroom.

Inspections are by private appointment
Call Mark Lawler for more information on 0423 766 713
Last updated: 02:42PM on Dec 4th 2019
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Richardson & Wrench Coolum

3/1792 David Low Way
Coolum Beach QLD, 4573
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