FOR SALE
$3,249,000

384 David Low Way
Peregian Beach QLD 4573

Bedrooms: 8
Bathrooms: 6
Car spaces: 6
Land area: 800m2
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Outstanding opportunity in Peregian Beach: A block of apartments steps to the surf!

Nestled on the pristine Sunshine Coast of Queensland, Peregian Beach exudes the essence of a small coastal town with an unmistakable village charm. Just a stone's throw from the pristine main beach, the heart of this community is the verdant village square, where a delightful array of cafes, esteemed restaurants, charming boutiques, and specialty shops come together. Convenience is at your doorstep with a large IGA and a well-equipped hardware store catering to all your needs. The monthly markets add a touch of excitement to local life, offering a vibrant showcase of the area's unique character.
Peregian Beach isn't just about the beach. For those seeking diverse experiences, dog-friendly beaches await just a short distance away. The breathtaking Noosa National Park and the serene beauty of Lake Weyba beckon those in search of nature's wonders, making this coastal haven a perfect blend of relaxation and adventure.
Discover prime real estate in the highly sought-after Peregian Beach, a thriving hotspot that beckons both locals and holiday seekers to escape the hustle and bustle of high-rise developments. Nestled on an expansive 842m2 corner block on the ocean side of David Low Way, this property boasts incredible potential.
This unique parcel of land holds six apartments, all under one title, offering limitless possibilities. Properties in this prestigious location are a rare find and are poised to appreciate in value over the years. The demand for living and vacationing in this area is on an undeniable upswing.
The two-story complex features 2 spacious 2-bedroom apartments and 4 cozy 1-bedroom apartments, with the ground-floor units enjoying private enclosed gardens. Onsite, you'll find 8 parking spaces, 6 of which are covered, a communal pool, laundry facilities, and storage space.
Five of the apartments are dedicated to short-term rentals, while one is leased for the long term at a minimal rate. There is untapped potential to increase income by also offering the sixth apartment as a short-term rental.
These apartments have been meticulously maintained, with extensive renovations completed within the last 12 months. These updates include a new roof, full refurbishment of three bathrooms, installation of air conditioning, updated electrical fittings and wiring, new cabinetry, and fresh paint throughout.
Each apartment is granted Short Term Letting Approval by the Noosa Council, further enhancing the appeal of this investment. Additionally, the building's height can be extended by 2 meters from its current state, opening up even more possibilities for this prime real estate.
Currently managed by offsite owners, Beachcomber operates seamlessly with high occupancy rates, primarily due to a loyal base of returning guests. The property employs a contactless check-in system, eliminating the need for onsite reception, and streamlined operational practices to minimize workload.
Don't miss out on this exceptional opportunity to invest in Peregian Beach's flourishing real estate market. Your future awaits in this prime slice of the Sunshine Coast.
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Property Details for 384 David Low Way, Peregian Beach

384 David Low Way, Peregian Beach is a 8 bedroom, 6 bathroom BlockOfUnits with 6 parking spaces. The property has a land size of 800m2. The place is currently for sale with Ray White Maroochydore.

Building Type
BlockOfUnits
Land Size
800m2

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About Peregian Beach 4573

The size of Peregian Beach is approximately 17.2 square kilometres. It has 10 parks covering nearly 81.9% of total area. The population of Peregian Beach in 2011 was 3,531 people. By 2016 the population was 3,782 showing a population growth of 7.1% in the area during that time. The predominant age group in Peregian Beach is 40-49 years. Households in Peregian Beach are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Peregian Beach work in a professional occupation. In 2011, 63.3% of the homes in Peregian Beach were owner-occupied compared with 66.5% in 2016.

Peregian Beach has 2,941 properties. Over the last 5 years, Houses in Peregian Beach have seen a 85.50% increase in median value, while Units have seen a 76.43% increase. As at 30 September 2024:

  • The median value for Houses in Peregian Beach is $1,815,276 while the median value for Units is $1,039,055.
  • Houses have a median rent of $893 while Units have a median rent of $655.
There are currently 46 properties listed for sale, and 8 properties listed for rent in Peregian beach on OnTheHouse. According to CoreLogic's data, 139 properties were sold in the past 12 months in Peregian beach.

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Reuben Park
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Ray White Maroochydore
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