The buildings to be sold occupy an area so significant that Sunshine Coast Council has designated it as a ‘key site’, allowing relaxed height restrictions and the potential to develop a major project to 40 metres (13 storeys) subject to the relevant planning approvals. 

The Caloundra Centre Master Plan typically dictates a 25-metre height limit yet if properties are amalgamated and a developer proposes a minimum four-star hotel or a vertical retirement/aged care facility, buildings can be as high as 40 metres.

At a glance:

• Ten separate titles situated at 130-140 Bulcock Street, Caloundra, to be sold via EOI campaign
• The properties have a combined site area of 2,830 square metres
• All are fully leased and provide an annual net income of approximately $342,000

Spread across ten separate titles, the properties are situated at 130-140 Bulcock Street, on the main artery to Caloundra and offer frontages to both Bulcock Street and Maloja Avenue – part of the expanded ‘Coastal Connect Pathway’.

Each building is leased and returning significant rental income, offers ample car parking and development potential.  Combined they provide a net lettable area of 1,373 square metres and an annual net income of circa $342,000.

Rem Rafter and Brendan Robins of CBRE Sunshine Coast, are coordinating the sale of the Bulcock Street properties which have a combined site area of 2,830 square metres.

“It’s rare for an amalgamated holding of this size to become available, presenting an opportunity to develop a landmark building in one of the Sunshine Coast’s most popular beach suburbs,” Rafter said.

“Alternatively, the properties can be purchased separately or in parcels of two or three.”

The properties are a short stroll from Bulcock Beach and a 15-minute walk from Kings Beach. 

They are also close to the Pelican Waters master planned community, where more than 2,750 home sites have been sold since 1989.

Only a few kilometres away is Stockland’s rapidly growing new suburb of Aura, where 50,000 people will eventually live in a $5 billion master-planned community.

“Caloundra has long been a much-loved holiday destination and is popular with visitors and residents for its lifestyle, beaches and natural beauty,” Robins said. 

“The sale of 130-140 Bulcock Street presents an outstanding opportunity for an astute investor to own part of a rapidly developing area of the Sunshine Coast, where thousands of new residents are choosing to live”.

The Bulcock Street properties are being offered for sale through an Expressions of Interest campaign, closing on Thursday 14th November 2019 at 12 noon. 

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