Develop. Renovate. Enjoy. The Choice Is Yours
If you have your sights set on long-term profit and value for money, 66 Coolum Terrace is the property for you.
Situated on the high side of Coolum Beach, with its portrait-worthy views and the promise of a more fulfilled, relaxed lifestyle, this property is the perfect investment in every sense of the word.
Its position alone ensures growth and prosperity, with its proximity to the beach, the esplanade-with its coastal community appeal and endless amenities, and twenty-four hour access to the natural beauty of the surrounding bays.
The land size of 506m2 is just another draw card, particularly when considering the scarcity of property-gems like this one in Coolum Beach, let alone in this popular hub. The property’s greatest advantage however, lies in the zoning-with the council’s medium density classification, developers and dreamers alike will be setting their sights upwards.
The surrounding properties offer examples of how space has been utilised in this area, with both sides already catering to multi-living precincts and unit complexes. Under this level of council zoning there is potential for three-levels (or 12 metres), and more importantly, unrestricted views of the sprawling liquid-gold (the pacific ocean) at your doorstep-a vista that is sure to always hold its value and allure.
506m2 elevated block
Zoned medium density residential
12 Metre height limit (three storeys)
Parcel dimensions – 50.5m x 10.1m
High side of Coolum Terrace
Existing beach shack
1 bedroom, 1 bathroom and an open plan kitchen living area upstairs
Self contained studio downstairs
Minutes walk to Coolum’s esplanade
Moments from The Bays
Desirable street address
If you are overwhelmed with the options, but know a good deal when you see it, then please don’t stress-the existing house will buy you the time you need. Inviting a healthy yield, with its quaint beachside-shack feels, this one-bedroom, one-bathroom, open-plan home will more than suffice, especially when you consider the additional studio room downstairs and ample yard space at your disposal in the meantime.
Be quick for this one. An opportunity like this doesn’t come up for sale often.
Potential rental return:
$400-$450 per week for downstairs
$500-$550 per week for the upper level
Viewings by appointment only, call James Henley – 0416 052 032 or Brad Dawson -0414 551 493