One of the Sunshine Coast’s most recognisable and strategically significant waterfront assets is up for sale.
The Mooloolah River Fisheries site at 201 Parkyn Parade, Mooloolaba, includes 3091sqm of improvements ranging from retail and restaurant spaces to specialised cold-storage and wharf facilities.
Marketed by Emily Pendleton and Michael Shadforth of RWC Northern Corridor Group, the leasehold interests of the 1.181-hectare deep-water site is being offered via expressions of interest.
“This is one of the Sunshine Coast’s last remaining deep-water, marine-zoned waterfront sites, making it a genuinely irreplaceable asset class with exceptionally high barriers to entry,” Ms Pendleton said.
“The property is the iconic home of the Mooloolaba prawn, operating as a true working harbour asset rather than a generic waterfront holding.”
The property generates a net $671,094 per annum plus outgoings and GST. The leasehold is secured by a head lease to the Department of Transport and Main Roads until June 2038.
The site is leased to Superior Food Group, a Metcash-backed national operator, which Ms Pendleton said provided “immense covenant strength” for an incoming investor.
Mr Shadforth said the scarcity of the land use was the primary driver of value.
“Opportunities of this calibre are exceptionally rare,” he said. “Deep-water, marine-zoned assets with secure, long-dated income and government-backed covenants simply do not come to market often on the Sunshine Coast.”
He said the property had a “strategic importance to marine, fisheries and logistics operations” that could not be replicated by traditional commercial real estate.
Ms Pendleton added: “Unlike traditional commercial assets, this opportunity combines protected marine zoning with national covenant strength and operational waterfront infrastructure.
“This blend of zoning protection and irreplaceable location is extremely rare within the Sunshine Coast market, particularly as marine-capable land continues to tighten across coastal markets.”
Mr Shadforth said the listing came at a time when investor appetite was shifting towards infrastructure-linked real assets.
“This asset class benefits from high barriers to entry and a location that is, quite simply, one of a kind,” he said.
