139 Bulcock Street & 70-76 Omrah Ave, Caloundra QLD 4551

Colliers is pleased to present to the market an outstanding DA approved Caloundra Mixed Use Development site, ideally positioned within walking distance of major retail, dining & leisure amenities, and offering expansive Ocean & hinterland view potential.

Key features of the property include:
- Development Approval in place for the staged delivery of 70 x residential Apartments & ground floor commercial fronting Bulcock St, plus a 4 level medical/commercial building fronting Omrah Avenue
- Operational Works approval for Bulcock St stage
- Major Centre zoning with concepts prepared for the staged delivery of 126 Apartments up to 45 metres* in height with Council pre-lodgement meeting undertaken
- Potential for up to 45 metre* height limit providing Ocean, Pumicestone Passage & Glasshouse Mountain Views
- Holding income of $200,000/annum* (net) from existing Suncourt Motel
- Potential for significantly discounted Infrastructure Charges of between 50% & 100% of Council and Unitywater charges as a nominated infill development site
- Key Caloundra location on Bulcock Street at the gateway to the CBD surrounded by walkable amenity including a large variety of shops, cafes, restaurants, entertainment and the Pumicestone Passage foreshore
- Walking distance to the future Caloundra Railway Station which will offer direct rail services to the Brisbane CBD
- Significant development opportunity within one of the most in demand and supply constrained markets in Queensland and Australia.

139 Bulcock Street & 70-76 Omrah Avenue, Caloundra presents an outstanding opportunity to purchase a highly sought after DA approved Mixed-Use development site on Queensland's Sunshine Coast.

For Sale by Expressions of Interest closing Thursday 6 March 2024 at 4pm (AEST).

For further information, please contact the exclusive marketing agents Baydn Dodds or Mark Wollin.

* approx.