After sitting idle for five years and having a development application knocked back by Noosa Council, a prime piece of real estate in Peregian Village has gone on the market, with interest received before it was even listed online.
Century 21 Noosa Heads principal Mike Hay said a few years ago he sold the current owners the 271sqm site, formerly leased by the 4-square supermarket for $68,400 per annum plus GST prior to vacating in 2017, and they have now doubled the area after recently buying the adjacent building.
Mr Hay said Cox Architects, designers of James Street Market in Brisbane, had developed plans and concepts for the former supermarket site that were refused by council for several reasons including a roof top bar that exceeded height restrictions and a lack of disability access.
He said the owners who were “very pro-village” had sought to create a legacy for the community, but have now decided to sell.
Although the development application for the site has now lapsed new owners could take the plans back to council in a new DA with necessary changes, he said.
Combined, the 542sqm site at 10 Kingfisher Driver and 6 Heron Street offers the buyer a chance for a much larger redevelopment, making a significant impact to the face of the bustling village.
Alternatively, they could continue tenancies at 10 Kingfisher Drive, now leased by Peregian Beach Bakery, The Post Office and Soul Sanctuary boutique, and lease the 6 Heron Street property.
“This is the prime position being the corner block. There’s so many options,” Mr Hay said.
“We’ve had several serious buyers before it’s gone to market. There’s going to be huge interest,” he said.
“Without a doubt, the redevelopment of this corner position will set the tone of modern design into the future of Peregian Beach Village.
Expressions of interest in the property will close on 1 August but Mr Hay believes, with the level of interest already, it could be sold beforehand.
Also being sold by Century 21 and under contract is a separate 271sqm freehold property in Peregian Village at 214 David Low Way with frontages to both David Low Way and the Village Square.
Held by the same entity since the mid 1970s, it is the first time offer of sale for the commercial property that is currently occupied by five tenants.
For more information on both, visit century21.com.au/sitemap/real-estate/buy/qld/peregian-beach
