384 David Low Way

Peregian Beach QLD 4573

This unique parcel of land holds six apartments, all under one title, offering limitless possibilities. Properties in this prestigious location are a rare find and are poised to appreciate in value over the years. The demand for living and vacationing in this area is on an undeniable upswing.

The two-story complex features 2 spacious 2-bedroom apartments and 4 cozy 1-bedroom apartments, with the ground-floor units enjoying private enclosed gardens. Onsite, you'll find 8 parking spaces, 6 of which are covered, a communal pool, laundry facilities, and storage space.

Five of the apartments are dedicated to short-term rentals, while one is leased for the long term at a minimal rate. There is untapped potential to increase income by also offering the sixth apartment as a short-term rental.

These apartments have been meticulously maintained, with extensive renovations completed within the last 12 months. These updates include a new roof, full refurbishment of three bathrooms, installation of air conditioning, updated electrical fittings and wiring, new cabinetry, and fresh paint throughout.

Each apartment is granted Short Term Letting Approval by the Noosa Council, further enhancing the appeal of this investment. Additionally, the building's height can be extended by 2 meters from its current state, opening up even more possibilities for this prime real estate.

Currently managed by offsite owners, Beachcomber operates seamlessly with high occupancy rates, primarily due to a loyal base of returning guests. The property employs a contactless check-in system, eliminating the need for onsite reception, and streamlined operational practices to minimize workload.

Don't miss out on this exceptional opportunity to invest in Peregian Beach's flourishing real estate market. Your future awaits in this prime slice of the Sunshine Coast.

Features at a glance;
6 apartments on one title
842sqm zoned for multiple unit dwelling
Just metres to the surf
4 x one bedrooms, 2 x two bedrooms
Most apartments renovated
Undercover onsite parking
Refurbished pool and utilities
No body corporate
Council approved
Strong history of short term income (circa $300,000)
Huge opportunity to value add
20mins to Noosa
20mins to international airport
30mins to Maroochydore CBD
Solid concrete block construction