A revitalised Sunshine Coast tourist precinct has been listed for sale by its long-term owners, with a reported price of more than $80 million.
Originally developed in 1988, The Wharf Mooloolaba was acquired by Evans Long in 2016 and has since undergone a multimillion-dollar refurbishment.
The property spans 6964sqm of freehold land and offers 7507sqm of net lettable area, attracting more than 2.2 million annual visitors.
It has nearly 30 specialty offerings across several small pavilions linked by external walkways, including popular eateries such as Tony Kelly’s Rice Boi and Spero, Boston Shaker Bar, El Bigoton, Kenilworth Coastal Bakery, The Dock Mooloolaba, See Restaurant and the Savvy Squire.
It is also home to attractions such as SEA LIFE Sunshine Coast, Saltwater Eco Tours, Sunreef and Whale One, as well as retail outlets.
The sale also includes a 50-year wet lease until 2074 over 2.083 hectares on the Mooloolah River, incorporating a 57-berth marina.
Evans Long director Dirk Long said the precinct had become one of the Coast’s most popular destinations.
“The Wharf has been a passion project for nearly 10 years,” he said.
“We’re extremely proud to have restored it as a community and tourist anchor, and we believe its next chapter will be even more exciting under new ownership.”
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Michael Hedger, Wayne Bunz and Joe Tynan from CBRE are the exclusive sales agents.
“The Wharf is poised for significant future growth being advantageously located in the Sunshine Coast, a globally recognised tourism destination that welcomes more than 4.34 million domestic and international visitors annually,” said Mr Hedger, who is CBRE’s Queensland state director, retail.
“The precinct is also set to benefit from future 2032 Olympic Games infrastructure, the Aria $350 million five-star hotel development and KPAT’s $250 million Avani hotel development.”
Mr Bunz, CBRE’s national director, hotels, said the precinct benefitted from a diversified income stream spanning food and beverage, hospitality and retail.
“Waterfront freehold assets of this calibre on Australia’s east coast remain incredibly scarce,” he said.
“When we talk about landmark investments, this is precisely what we mean. The Wharf is the kind of generational opportunity that draws the attention of both institutional and private capital – it’s a magnet for lifestyle, leisure and commerce, with enduring value on every level.”
Expressions of interest close on October 2, unless sold prior.
