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Auction
Auction - Ray White Bribie Island
Positioned directly opposite the beach in one of Woorim's most tightly held locations, 4 Rickman Parade presents an exceptionally rare opportunity to secure a premium coastal commercial holding with existing income, ocean views, and exciting future development potential (STCA).
Set on a prominent corner site overlooking the ocean, this unique property combines immediate rental return with enormous long-term upside in the heart of Bribie Island's thriving beach precinct.
The property currently comprises three established commercial tenancies plus a spacious upstairs residential apartment, creating a diversified investment with multiple income streams.
Commercial Tenancies Include:
• Pigface Seafood
• Pigface Mexican
• Mokha Café
These well-known local businesses contribute to the vibrant beachside atmosphere that continues to attract both locals and tourists year-round.
Above the commercial premises sits a generous two-bedroom apartment enjoying ocean outlooks and beachside living, with an estimated rental return of approximately $650-$700 per week.
A major highlight of the property is its favourable zoning, allowing for future development potential of up to 15 metres or approximately four storeys (Subject to Council Approval), surrounded by 6 Storey (21m) zoning (both neighbours - side and rear) opening the door for a significant mixed-use or residential redevelopment opportunity in this tightly held beachfront precinct.
Key Highlights:
• Prime beachfront position directly opposite Woorim Beach
• High exposure corner allotment in tightly held precinct
• Multiple established commercial leases in place
• Additional residential income from upstairs apartment
• Zoning allowing development potential up to 15m / 4 storeys and potential to go higher (STCA)
• Strong holding income with future upside
• Exceptional redevelopment potential (Subject to Council Approval)
• Surrounded by cafes, restaurants, tourism and lifestyle amenities
• Rare opportunity to secure a blue-chip coastal investment
With Woorim rapidly emerging as one of South East Queensland's most sought-after coastal destinations, opportunities of this scale and positioning are becoming increasingly scarce anywhere along the eastern Australian coastline.
Whether you are an investor, developer, land banker or visionary buyer seeking a trophy beachfront holding, 4 Rickman Parade offers an exciting combination of income, lifestyle and future possibilities.
Development potential is subject to council approval.
Advertising Disclaimer: Renders are artistic impressions that utilise the existing views. We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information provided.
30 Benabrow Avenue, Bribie Island QLD 4507
Call Bryce Hawkins on
0480041011
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