Caloundra Suncourt motel sells to local investor

Caloundra Suncourt motel sells to local investor
Caloundra Suncourt motel sells to local investor

The Caloundra Suncourt motel on the Sunshine Coast has been sold for $1.4 million. 

The prominent motel with redevelopment potential is located at 133 Bulcock Street and was sold to a local investor.

Len Greedy and Alan Gray of Ray White Commercial Caloundra handled the transaction.

Constructed on a 1,518 square metre block of land, the motel comprises 12 rooms split over two levels and includes a three bedroom manager’s accommodation.

Gray said redevelopment options for the property were varied and could include a mix of retail, office, medical and also residential units with water views.

He added that the purchaser had leased the motel operation to an experienced motelier for a limited period while he worked through the redevelopment potential for the site with an architect and town planner.

Tags: 
Sunshine Coast

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