59 Memorial AvenueMaroochydore QLD 4558
Property Details for 59 Memorial Ave, Maroochydore
59 Memorial Ave, Maroochydore is a 12 bedroom, 6 bathroom BlockOfUnits with 6 parking spaces. The property has a land size of 670m2 and floor size of 545m2. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 12 bedroom BlockOfUnits sold in Maroochydore in the last 12 months.
Last Listing description (September 2025)
This is a rare opportunity to secure a prime unit block holding in the heart of one of the Sunshine Coast's most sought-after coastal hubs. Positioned just metres from both the Maroochy River and Maroochydore Beach, this exceptional site offers immediate rental income with significant long-term redevelopment potential.
The Land:
Occupying a 670 m²* north-facing allotment, the property enjoys a blue-chip location just one street back from the Maroochy River and a short stroll to Cotton Tree Village, the Ocean Street dining precinct, and the Maroochydore CBD.
The Improvements:
The existing improvements comprise a two-storey complex of six (6) x 2-bedroom, 1-bathroom, 1-car apartments, complemented by a sparkling in-ground pool. This configuration provides a strong base for consistent rental returns with scope for rental uplift.
The Opportunity:
Fully tenanted, the property currently delivers solid holding income. There is further potential to increase returns through lease renewals and rental adjustments, capitalising on Maroochydore's exceptionally strong rental demand, while you plan the site's future.
The Development Potential:
Zoned Medium Density Residential (12m height limit – approx. 3-4 storeys) under the current Sunshine Coast Planning Scheme, the property is earmarked in the draft Town Plan for an increased height limit of 22m (approx. 6–7 storeys), creating outstanding redevelopment scope. The property could also be Strata Titled to form 6 individual units. (STCA).
For further information, including a detailed Information Memorandum, please contact us.
Email: cameron@homesc.com.au | Phone: 0477 770 745
Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.
Property History for 59 Memorial Ave, Maroochydore, QLD 4558
- 25 Sep 2025Sold for $3,100,000
- 12 Aug 2025Listed for Sale $3,100,000
- 15 May 2014Listed for Rent - Price not available
Recent sales nearby
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0About Maroochydore 4558
The size of Maroochydore is approximately 12.6 square kilometres. There are 31 parks, covering nearly 17.0% of the total area. The population of Maroochydore in 2016 was 16800 people. By 2021 the population was 20629 showing a population growth of 22.8% in the area during that time. The predominant age group in Maroochydore is 60-69 years. Households in Maroochydore are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Maroochydore work in a professional occupation.In 2021, 53.20% of the homes in Maroochydore were owner-occupied compared with 49.00% in 2016.
Maroochydore has 15,050 properties. Over the last 5 years, Houses in Maroochydore have seen a 56.52% increase in median value, while Units have seen a 75.48% increase. As at 30 April 2026:
- The median value for Houses in Maroochydore is $1,291,278 while the median value for Units is $1,021,535.
- Houses have a median rent of $830 while Units have a median rent of $700.
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