48 Pelican StreetPeregian Beach QLD 4573
Property Details for 48 Pelican St, Peregian Beach
48 Pelican St, Peregian Beach is a 8 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 430m2.
Last Listing description (October 2021)
Tightly held for 18 years, this block of solidly built units on a prime 984m2 block just one street to beach and 650m to village hub, offers a golden investment opportunity in every sense from income through to landbanking; this is a winning purchase in a prestigious blue-chip location.
A block of four units, individually strata titled, each comprising two bedrooms, one-bathroom, open plan living flowing to balcony with ocean glimpses, kitchen, laundry, and single lock up garage the bones are good, and there is potential to update to further enhance appeal and therefore returns.
Circa early 1980s, the units are not without charm and warmth with interior brick feature walls and internal arches reminiscent of the architecture of that era. All will be vacant by settlement, and annual yield projection is approximately $85,000, in their current condition (pending some minor works).
Coveted blue-chip beachside location
984m2 one block to surf & sand
4 x strata titled solid brick units
2 beds, 1 bath, 1 living, kitchen, SLUG
Ocean glimpses from balcony
Projected income approx. $85K pa
650m to village dining & retail hub
Demolish & build lifestyle home
First time to market for 18 years
Winning investment in every sense!
The Sunshine Coast market is currently undergoing unprecedented demand for properties, not just by buyers but also renters; and there is a critical shortage of rental properties in relation to supply, so high occupancy rates and strong returns are guaranteed, this is as 'risk-free' as it gets.
On nearly acre it is also a sizeable parcel of land for a builder or buyer wishing to custom-design a beachside lifestyle masterpiece without fear of overcapitalising in a premium pocket just north of village and surf club.
This coveted property in sought-after Pelican Street is set to attract significant attention from a number of buyers, locally and interstate the opportunity is exceptional, the potential is clear. It's in now in your hands to submit your very best offer.
Disclaimer
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes
Property History for 48 Pelican St, Peregian Beach, QLD 4573
- 01 Sep 2021Listed for Sale UNDER CONTRACT
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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 2,922 properties. Over the last 5 years, Houses in Peregian Beach have seen a 79.54% increase in median value, while Units have seen a 87.99% increase. As at 31 October 2024:
- The median value for Houses in Peregian Beach is $1,782,937 while the median value for Units is $1,185,642.
- Houses have a median rent of $875 while Units have a median rent of $655.
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