A block of industrial land, split over three titles and fronting a golf course, has sold in a cash unconditional deal.
The property, located at 173 Grigor Street West and 10 and 12 Eva Street in Moffat Beach, has been in the same family for more than 34 years.
It has views over the 15th hole at Caloundra Golf Club and is less than 1km from the beach.
RWC Noosa and Sunshine Coast agents Josh Harris and Adam Morley secured the record sale for the long-time owners.
It is expected that development approval will now be sought to turn the 3678sqm property into an industrial hub called The Links, with construction hoped to begin in early 2025.
The property, which is zoned Low Impact Industrial, currently has a house on one of the titles (12 Eva Street) and industrial sheds on the other two.
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Mr Harris said the sale showed the strength of the Caloundra market.
“To provide an unconditional offer at any level is getting harder, but to do one at this price point was pretty special and is a testament to the property,” he said.
“It was a fantastic moment for the family, who have held this property for such a long time.”
The property had been offered to the market via other agents over the last few years without achieving a result, and a chance encounter between the owners and Mr Harris on another matter built the trust that led to the new marketing approach.
The sellers, who originated from Italy, said it was their desire to head back there while the next phase of the development occurred.
“It will be a bittersweet moment when they leave as it has been their property for such a long time, but they are excited to see what the next chapter holds for the property,” said Mariangela Gagliardo, speaking on behalf of the sellers’ family.
“Josh was a fantastic support early on and took the time to understand what the property meant to us and what a good result meant to the whole family.
“You could tell he really cared about the history of the property and what it meant to my parents.”
After taking over RWC’s Caloundra office in 2022, the RWC Noosa and Sunshine Coast team has seen a dramatic change in property values across the southern end of the Coast, however the Moffat Beach industrial complex is where results have really shown significant increases.
“We have completed multiple sales in Moffat Beach where we are seeing strong demand not only from local buyers but from outside Queensland as well,” Mr Harris said.
“The pricing in this complex is leading the way on the Coast and is now competing with strongholds such as Noosa.
“Having a small industrial complex less than 800m from some of the best surf beaches in Australia is something very special.”
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