Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Sale Nears on Last Large Block of Land in Coolum

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Sale Nears on Last Large Block of Land in Coolum

Article excerpt

THE sale of what's described as the "last large parcel of land in Coolum Beach" has been nearly finalised for $2 million.

Ray White Commercial North Coast agent David C Smith said the sale of the 43.37ha property on South Coolum Rd had gone "unconditional" to a Melbourne investor.

The property has three freehold titles, a house and is only a three-minute drive from Coolum Beach.

Mr Smith said he believed the investor, whose details he declined to release, would not be developing it immediately.

"He has plans to land bank it," Mr Smith said.

"Coolum is landlocked now. There is no more land to be developed."

The property was being liquidated and was sold by expressions of interest, with the closing date set on February 18. Mr Smith said he was surprised at the level of interest.

"There was a lot more interested parties than we thought we would get," he said.

He believed the property on the west side of the motorway at Coolum, which was also on the market, had sold for $2. …

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