An ageing house in the heart of the Sunshine Coast has hit the market, with the site offering potential for a redevelopment of up to 10 storeys under proposed planning changes.
The property at 34 Parker Street sits on a 644sqm block, and draft provisions in the proposed Sunshine Coast Council planning scheme could see the 8.5m height limit lifted to 35m, opening the door for a significant vertical development opportunity close to the emerging Maroochydore CBD.
The site is being offered via Expressions of Interest with RWC Noosa & Sunshine Coast, closing on May 7 at 4pm.
Commercial property consultant David Brinkley said it represented a standout opportunity in the context of the region’s long-term growth trajectory.
“This is a genuinely rare offering where the planning fundamentals, location and timing all align,” he said.
“With proposed rezoning supporting a significant uplift in height, buyers have the flexibility to secure the site now and capitalise on future planning outcomes or move forward with a boutique development in the short term.”
Mr Brinkley added that the site lent itself to a range of outcomes.
“Whether it’s a luxury residential apartment project or a boutique mixed-use development, this is a flexible, future-focused site in one of South East Queensland’s most exciting growth corridors,” he said.
Located less than 800m from the new CBD, the property offers walkable access to what is set to become a major business, technology, and lifestyle hub for the region.
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Commercial property consultant Rachel Cadamy highlighted the site’s unique combination of lifestyle appeal and infrastructure connectivity.
“Opportunities like this are incredibly tightly held, particularly this close to the new CBD,” she said.
“You’re within minutes of Sunshine Plaza, Ocean Street’s dining precinct, and the Cotton Tree beachfront, while also benefiting from direct access to key transport corridors and planned mass transit infrastructure.”
With Maroochydore forecast to accommodate approximately 34,000 additional residents in the coming years, demand for well-located, high-density residential product is expected to surge, further underpinning the site’s long-term value.
It’s understood the property could attract offers of about $1.8 million.
Ms Cadamy estimated that the dwelling was likely built in the late 1980s to early 1990s.
The property was last sold for $761,000 in 2021, but she said the proposed new planning scheme is likely to have significantly increased its value.
The property’s current owner is rental car agency Hertz, and it is used for storage and parking overflow, near the company’s office at nearby Aerodrome Road.
