Coastal Development Opportunity with Passive Income
Elders Commercial Rockhampton is delighted to bring 'Mint' Yeppoon to the market, offering purchasers the opportunity to acquire a quality asset in one of Central Queensland's most desirable coastal destinations.The premium-positioned land holding is DA-approved until February 2028 for a mixed-use development, consisting of 45 luxury apartments and retail/shopfront on the ground floor.
During a previous marketing and sales campaign for the 45 apartments, 90% of them had gone under offer.
Recent growth across the Capricorn Coast has been exceptional, positioning the project to benefit from continued market demand when reintroduced by the incoming developer.
Additionally, there is rental income from a leased Café and Bottle-shop, as well as an apartment complex consisting of 4 x 2-bedroom apartments. There is also a vacant retail shop on the ground floor of the residential complex as well as a detached sales office for the previous residential offering.
Key Features:
- Total land area of 2,265* sqm (approx.)
- DA Approved until February 2028 for a mixed-use development
- Proposed development was designed by award-winning architect, Tim Stewart, who specialises in luxury homes and boutique commercial developments
- Existing net income stream of $118,904.70 + GST + Outgoings per annum
- Potential additional income from the 4 x 2 bedroom apartments of $50,000 - $60,000 per annum
- Potential additional income from the vacant shop of $30,000 - $40,000 + GST + Outgoings per annum
- Data shows there is a record of 106 apartment sales in the last 12 months on the Capricorn Coast
- Detached 4 x 2 bedroom apartments
- Previous Mint sales office on the site
- Zoned Major Centre under Livingstone Shire Council Planning Scheme 2018
- Population projections indicate that the population of the Capricorn Coast and Rockhampton area in 2046 is projected to increase to 159,370 persons.
Mint Yeppoon is being offered to the market For Sale by Offers to Purchase.
For further information please contact Pat O'Driscoll or Adam Kelly via the below enquiry section.
Features
General Features
- Land Area: 2,265 sqm
- Commercial Type: Land/Development
- Building Area: 2,265sqm
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