Sell with Confidence
Read More
News

New Era for Ocean St as Developers Eye Major Project

A SHORT-term accommodation facility is a step closer for the heart of the Maroochydore entertainment precinct.

Approval has been given for a first-floor refurbishment of Pacific Place at 11-13 Ocean Street, Maroochydore. Currently home to ground-floor tenants including Elixiba, Peak and others, a proposal for a 19-room short-term accommodation facility has been given the green light.

Previous options considered for the site included a new bar with kitchen and outdoor deck, but that approval has since lapsed. A spokesman from Evangelista Pty Ltd, owners of the site, said the project was in its “very early stages”. The spokesman said a detailed feasibility study would have to be undertaken to make sure any accommodation house was viable in that location. He believed it presented a unique opportunity to offer accommodation for business travellers and visiting singles and couples and there was currently a gap in the local market.

“It’s something that we looked at and thought there was an opportunity for that type of use,” he said. The spokesman said now the approval had been given they had the certainty to more accurately cost the project. He said office space had seemed to have passed Ocean Street by now as it developed into more of an entertainment precinct.

The spokesman said there was no solid timeframe on the project, with other projects keeping the firm busy. “We’ll progress it forward, but we’re more or less in a feasibility-type scenario,” he said.

Evangelista Pty Ltd has owned the site since 1991, having purchased the property for $2.05 million.

Article Source: Sunshine Coast Daily
Up to Date

Latest News

  • Million-dollar views!

    3/10-12 Marina Walk, Alexandra Headland Sold for $1,000,000 by Pam Thomas There’s a reason locals refer to Marina Walk at Alexandra Headland as part of the “Golden Triangle”. Positioned at the most elevated point of Alexandra Hill, it offers sweeping ocean views and a prime location close to Mooloolaba Esplanade. … Read more

    Read Full Post

  • Bli Bli home sells under the hammer for $103,000 over reserve

    24 Waterview Crescent, Bli Bli Sold by Jason Mills for $623,000 Achieving a result of more than $100,000 over the reserve price on this Bli Bli property at 24 Waterview Crescent came as no surprise to agent Jason Mills. “The uniqueness was it’s easy access to the water,” says Jason. … Read more

    Read Full Post