Queensland Department of Transport has purchased the sites of Warana Markets and neighboring property Point Cartwright Seafood for $11 million.
The 6500m2 (approx) parcel was purchased as part of the Coast Connect Early Acquisition Policy.
The current leases will be honoured with no work taking place for at least seven years.
A great capital gain for the Sellers of the market site, which was was owned by a mother and son team that paid $5.5 million 12 years ago.
Bli Bli Glamping Caravan Park- Riverside Resort was sold for $23.25 million.
It was purchased by an ASX listed company Ingenia Communities Group.
The owners - the McGovern family had spent $10 million on the land and development starting in 2016 and have since won a swag of awards . The Park is running at the highest occupancy of any caravan park in Australia. The business is growing at 15-20 percent each month.
If this rate continues the family look to pocket a further $4.5 million in a years time. Congratulations!
Coolum Beach has long been the favourite with holiday makers and now is going to be 'development darling' following 3 sales of land sites to the value of $10 million.
Mosaic has paid $6 million for a beach front site spanning 5 lots with a total area of 2876m2.
Sunshine Coast based HMR Projects has paid $2 million for a 809m2 site at 15-17 Beach Road.
And another Coast developer has snapped up 4&6 Sunrise Avenue plus 34 Elizabeth for $2.1 million. The three blocks combined total 1818m2.
