A prime development site in a prime position overlooking the Capricorn Coast in  Yeppoon, next to the Strand Hotel, is being offered to the market for the first time in more than 22 years. 

The 2,265sq m property at 8-14 Anzac Parade has development approval (DA) in place until February  2026 for a seven-storey mixed-use development, called Mint Yeppoon, consisting of ground floor retail  and 45 residential apartments on the six floors above, including two levels of car parking, top level  penthouses, a rooftop pool deck and a tennis court. 

The site is currently occupied by the Lure Living café and Strand Hotel drive in bottle shop. It is also  occupied by an apartment complex consisting of four two-bedroom holiday apartments with a vacant  retail shop on the ground floor and detached sales office that was used for a prior campaign to sell  apartments that are part of the DA. 

It is being taken to the market via an Offers to Purchase campaign run by Pat O’Driscoll and Adam  Kelly of Knight Frank on behalf of the vendor, Brookport Pty Ltd. 

The vendor has decided to sell as other projects have occupied their ability to deliver the DA-approved  project on the Yeppoon site. 

Price expectations for the property are $7.5 million plus GST. 

Mr Kelly said the property offering was a once in a lifetime opportunity, being situated on a premium  corner, and having a CBD and beachfront location on the main street in Yeppoon, with excellent ocean  views in the heart of the thriving Capricorn Coast. 

“It has an existing DA in place for an iconic development in a prominent position on Yeppoon’s coastline,  but it also has an existing income stream, which will be attractive to buyers,” he said. 

“We are confident the approved development on this site would be successful, as a previous marketing and sales campaign for the 45 approved apartments saw them all go under offer.

“Due to the Capricorn Coast recording exceptional growth over recent years, we anticipate this level of interest will continue if and when the project is re-offered for sale by the incoming developer.” 

The current income stream of the property is $118,904.70 plus GST and outgoings per annum. There  is the potential for an additional income from the four two-bedroom apartments – which are currently  vacant - of $50,000 to $60,000 per annum and from the vacant shop of up to $40,000 plus GST and  outgoings per year. 

Mr O’Driscoll said the Capricorn Coast region was experiencing significant growth. 

“Population projections for the Capricorn Coast and Rockhampton area show an increase to 159,370  people by 2046 from 124,675 in 2022,” he said. 

“The Capricorn Coast Region provides a population of approximately 30,000 people and is the  gateway to Great Keppel Island.  

“It offers an enviable lifestyle within a strong and dynamic economy. 

“You can occasionally enjoy a beach to yourself at the Capricorn Coast with views of the Great and  North Keppel Islands and the many smaller islands, which act as stepping-stones to the wonders of  the Southern Great Barrier Reef.  

“A strong retail and service sector within the modern town, together with tourism, provides abundant  choices for workers and opportunities for business people. 

“We are seeing strong interest from local and interstate buyers for development sites on the Capricorn Coast, particularly those with spectacular views, with so much potential for growth in the area and  anticipated demand for the final product.” 

Knight Frank is also marketing a 3.37ha site at Lot 5 Haven Road, Tanby Point in Emu Park on the  Capricorn Coast, which has development approval for 201 apartments and commercial space. 

The Offers to Purchase campaign for the Yeppoon property will close at midday (AEST) on  Wednesday, November 6. 

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