3/5 Grand Parade, Parrearra, QLD 4575 | Commercial for sale | OnTheHouse
 
FOR SALE
Auction on site Thursday 27 August at 2pm

3/5 Grand Parade
Parrearra QLD 4575

Bedrooms: -
Bathrooms: -
Car spaces: 10
Floor area: 224m2
Land area: 224m2
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Auction Time
Thu 27 Aug 2:00 pm
Inspection Times
No upcoming inspections scheduled.
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Rare Waterfront Investment Opportunity in Kawana Waters

David Goldsworthy and Samuel Hoy from RWC Northern Corridor Sunshine Coast are pleased to present 3/5 Grand Parade, Parrearra to the market for sale via Auction.
Positioned within the tightly held Kawana Waters precinct, this exceptional waterfront commercial investment presents a rare opportunity to acquire a fully leased asset underpinned by secure income, quality lease terms and long-term investment fundamentals.
Generating an income of $194,728.40 per annum*, the property comprises 224m² of lettable area* and is fully leased to 2 established commercial tenants. Both leases are secured on 3 year terms with 1 further 3 year option, incorporating fixed annual rental increases, providing investors with immediate cash flow and built-in rental growth.
Occupying a prominent position within a boutique commercial complex overlooking Double Bay Park, the property benefits from an irreplaceable waterfront setting, surrounded by the established Kawana Waters residential catchment. Opportunities to acquire income-producing commercial investments in this tightly held location remain exceptionally limited.
Property Highlights
• Fully leased waterfront commercial investment
• Rental income of $194,728.40 per annum*
• Total lettable area of 224m²*
• Outstanding 259m2* exclusive waterfront dining area
• 10 exclusive car parks
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Property Details for 3/5 Grand Pde, Parrearra

Building Type
Commercial
Floor Size
224m2
Land Size
224m2
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About Parrearra 4575

The size of Parrearra is approximately 2.5 square kilometres. There are 14 parks, covering nearly 15.9% of the total area. The population of Parrearra in 2016 was 4468 people. By 2021 the population was 4661 showing a population growth of 4.3% in the area during that time. The predominant age group in Parrearra is 70-79 years. Households in Parrearra are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parrearra work in a professional occupation.In 2021, 68.90% of the homes in Parrearra were owner-occupied compared with 63.10% in 2016.

Parrearra has 2,307 properties. Over the last 5 years, Houses in Parrearra have seen a 56.96% increase in median value, while Units have seen a 81.10% increase. As at 31 July 2026:

  • The median value for Houses in Parrearra is $1,677,711 while the median value for Units is $1,041,879.
  • Houses have a median rent of $1,100 while Units have a median rent of $740.
There are currently 27 properties listed for sale, and 3 properties listed for rent in Parrearra on OnTheHouse. According to Cotality's data, 116 properties were sold in the past 12 months in Parrearra.

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David Goldsworthy
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Samuel Hoy
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RWC Northern Corridor Group - Sunshine Coast Location
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