8 Sugar Road North, Maroochydore, QLD 4558

House 4 2 1
Sold Price Not Disclosed (19 Jan 2020)
Location Location Location - Investment and Approved Development Site
The Phone Code for this property is: 65404. Please quote this number when phoning or texting.

This prime north facing 630m2 block, is just a few hundred metres (approx.) to one of the most exciting new developments in Queensland - the Maroochydore new hi-tech Central Business District (CBD).

The home has a modern kitchen, 4 bedrooms, two bathrooms, and covered upper deck overlooking an inground pool. While in need of some TLC, the house is not without charm and has hardwood timber floors on the upper level. There is easy side access with room for extra cars, caravan, boat etc.

The property is
• walking distance to the Sunshine Plaza Shops, cafés and restaurants at Ocean Street;
• short walk to the beautiful beaches at Cotton Tree;
• 5 minute drive to the famous Alexandra Headland and Mooloolaba beaches;
• 5 - 8 minute drive to prestigious private and public schools.

There is great future potential with Council Development Approvals for two ultra modern, standalone, town homes, each with 3 bedrooms, study, retreat, two car garaging and entrances off the cul-de-sac. The dwellings have been designed to take advantage of future CBD vistas. Even if there is no intention to develop, the Council Approval is a great "value add" as it stays with the property and is valid for six years and can be extended (subject to Council approval).

Opportunities are to
1. to live in the existing house and just enjoy the great location
2. rent, land bank for future growth
2. complete the approved development, live in one and rent / sell the other

The Maroochydore CBD will be the centre of the Sunshine Coast's future economic and social activities. Forecasting 15,000 new jobs, the vision over the next 20 years is for the CBD to become home to arts, business, entertainment, parks, hotels, bars and cafes. 40% of the site is planned to be open waterways and parklands, making the location an enviable place to live, work and play.

To arrange an inspection to view the property or to receive a copy of the Council Approval please get in touch.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

Keylaw provides residential conveyancing services in Queensland. Please call Sam on 0457 106 910 or email contracts@keylaw.com.au.

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Phone or Text: 0488 847 018
Enter Phone Code 65404 when prompted.

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