100% Locally Owned, Independent and Free

100% Locally Owned, Independent and Free

'Listing of the year': why this beachfront apartment complex is set to smash record

Do you have a news tip? Click here to send to our news team.

Coast taps into better water security with $8m upgrade

Seqwater has poured $8 million into a plant upgrade to provide Sunshine Coast residents with safe drinking water. Five water filters at Landers Shute Water More

Photo of the day: patterns at dawn

Helen Browne nabbed this photo of ripples in the sand at Mooloolaba Beach during a winter sunrise. If you have a photo of the day offering, More

B2B: The lawyer, the iPhone and $13m

For a will to be validly executed, it must meet certain requirements. For example, it must be signed by two witnesses. The court recently had More

Priceless glimpse at Clive Palmer’s finest rare cars

Australian billionaire businessman and politician Clive Palmer is set to exhibit six of his finest rare cars at a free annual motoring event. The Noosa More

Low-cost supermarket to relocate to renowned site

A charity that provides low-cost food and vital community support is set to relocate to a main street. The Everyday Foundation will move into a More

Crime scene declared after two men found dead

Police are appealing for information as they investigate the circumstances around two men who were located deceased at a Maroochydore property. Emergency services were called More

Prospective buyers from as far as Brazil, Britain and the US are eyeing an “incredibly unusual” beachfront opportunity on the Sunshine Coast.

Touted as the “listing of the year”, 58 Parkyn Parade offers the rarest of opportunities that could set yet another record for a region firmly in the property spotlight.

It’s an entire block of apartments under single ownership on the highly sought-after Mooloolaba Spit.

The brown brick complex on the beachside of Parkyn Parade is being sold in its entirety, with the 620sqm north-facing block and all three self-contained units.

The property will go under the hammer this weekend.

It last changed hands in 1984 for $60,000 when it was just a beach shack, and the new owners built the apartments a couple of years later.

Currently used as a holiday home for extended family, the complex could be renovated for investment, redeveloped into a beachside mansion, or become strata-titled apartments.

Scroll down for more images

All three apartments in the 1986-built building boast large bedrooms, ensuites and open-plan living and dining.

Sliding doors open to balconies, which offer views of the pool, courtyard and beach reserve.

58 Parkyn Parade, Mooloolaba consists of three self-contained units.

Grant Whisker, from Define Property Agents, said the nine-bed, six-bath property was an “incredibly unusual” market offering and was expected to break sales records within Mooloolaba and possibly even the Coast.

Mr Whisker said the listing was attracting global interest and he had fielded calls from Brazil, Britain and the United States.

He said three-bedroom, two bathroom strata-titled apartments in the area were selling for between $2 million and $3.5 million.

“This is a very iconic piece of real estate, and I’m coming from a place where I have sold 25 apartments on the Spit in the past five years,” said Mr Whisker.

“To get a whole building is such a rarity and this is the only time a building like this has been sold on the Spit.”

The property has direct access to the beach.

Mr Whisker said the property offered extensive opportunities for the new buyer.

“If you took the building away, what you’ve got is a 620sqm allotment on the edge of one of the best beach accesses in the country.

“We’ve had extensive international enquiries. Interstate enquiry, and the enquiry locally has been very strong, which shows a strong appreciation and true appreciation from local investors and developers.”

Help keep independent and fair Sunshine Coast news coming by subscribing to our free daily news feed. All it requires is your name and email. See SUBSCRIBE at the top of this article.

The brown brick property was built in 1986.

The current owners, a Brisbane-based family, purchased the Mooloolaba parcel of land on a whim in the 80s.

“They built the building… after having been coerced to the auction. It was 1984 and the agent who was focused on selling the old beach shack that stood there previously was a friend of my sellers,” Mr Whisker said.

“He said ‘Can you come to the Coast on Saturday? I’ve got an auction on and no registered bidders’.

“My client bought that old beach shack and then had to ring his wife and tell her.”

58 Parkyn Parade will be sold at an on-site auction this Saturday, May 28, at 10am. To register your interest, visit Define Property Agents.

MORE IMAGES OF THE UNIQUE MOOLOOLABA PROPERTY

Subscribe to SCN’s free daily news email

This field is hidden when viewing the form
This field is for validation purposes and should be left unchanged.
[scn_go_back_button] Return Home
Share