66 Peregian EsplanadePeregian Beach QLD 4573
Property Details for 66 Peregian Esp, Peregian Beach
Last Listing description (March 2022)
Directly opposite Peregian Beach is a once-in-a-generation opportunity on the Eastern Beaches of the Noosa Shire, for a rare and exciting development opportunity with three adjoining lots, three street frontages and land totaling 2606m2.
Long term owners, who currently manage the three complexes, each with four apartments, have decided to pass the opportunity baton onto entrepreneurs with a vision, given the multiple opportunities for optimisation of the site. These include land bank, renovate and of course raze and replace with the ultimate redevelopment, after all it's only footsteps to toes-in-the glistening white sand, and of course with a north-east aspect, there will be stupendous views of the Coral Sea.
Currents holdings on each site are:
66 Peregian Esplanade, Peregian Beach
Coral Apartments:
Land Area 954m2
4 x non-strata-titled apartments
Rental income $64,220.00pa
1 Martin Street, Peregian Beach
Coral Apartments
Land Area 855m2
4 x non-strata- titled apartments
Rental income $67,430,000pa
23 Avocet Parade, Peregian Beach
Coral Glen Apartments
Land Area 797m2
4 x strata- titled apartments
Rental Income $69,940,000pa
"If a secret to success is to triple the rate of opportunity, then this is the trifecta," extols Tom Offermann Real Estate agent Tracy Russell .
"Interest parties should also be aware that opportunities for the multiple density approved site include 3 x duplex site, 3 x houses, 1 house, 2 x houses and keep apartments also, 1 house & keep apartments also renovate, and short term let
Development Site with 3 Street Frontages
Facts & Stats:
Total Land Area: 2606m2 (.26ha)
Development: Noosa Shire Council medium density approval
66 Peregian Esplanade, Peregian Beach
Coral Apartments:
Land Area 954m2
4 x non-strata-titled apartments
Rental income $64,220.00pa
1 Martin Street, Peregian Beach
Coral Apartments
Land Area 855m2
4 x non-strata- titled apartments
Rental income $67,430,000pa
23 Avocet Parade, Peregian Beach
Coral Glen Apartments
Land Area 797m2
4 x strata- titled apartments
Rental Income $69,940,000pa
Total income $201,500.00pa
Fixed term leases in place for 1 year, all ending late 2022 early 2023.
| All apartments managed by current owner
Property History for 66 Peregian Esp, Peregian Beach, QLD 4573
- 16 Mar 2022Sold for $3,437,500
- 28 Feb 2022Listed for Sale Contact Agent
- 08 May 2020Listed for Rent - Price not available
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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 2,940 properties. Over the last 5 years, Houses in Peregian Beach have seen a 83.82% increase in median value, while Units have seen a 84.04% increase. As at 31 August 2024:
- The median value for Houses in Peregian Beach is $1,765,005 while the median value for Units is $1,020,102.
- Houses have a median rent of $875 while Units have a median rent of $650.
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