Overseas buyers throw hats in ring for $20m Coast property
INTERNATIONAL buyers are swarming around the Sunshine Coast’s most expensive piece of land, but their reasons for wanting the block are surprising.
A huge block of land on Tidswell Rd, Weyba Downs, has hit the market for the princely sum of $20 million.
Belle Property principal John Stamp said the parcel of land had attracted strong interest from overseas buyers in the months it had been on the market.
The property - which has full frontage onto Lake Weyba - was originally listed for $30 million, but the price has been dropped by $10 million.
It is currently the most expensive property on the Sunshine Coast with the second most expensive, a block of land along the Maroochy River, trailing far behind at $12 million.
Mr Stamp said as the land hadn’t been zoned the possibilities for the site were endless, but most interested parties were looking to maintain its natural beauty.
“The interest profile we’ve got is some high, net-worth people and international buyers looking at it as a family retreat.
“My two strongest interested parties are both going down that path. Not to develop it, but for their own enjoyment.”
The 40.52ha property is heralded as a “once in a lifetime opportunity” and provides a panoramic view across to Noosa Heads.
Noosa Main Beach is less than a 15 minute drive away as is Peregian Beach.
A neighbouring 44.41ha block - which sits within the boundary of Noosa Council - is also up for sale.
“The true value is that it’s majority cleared,” said Mr Stamp.
“Like all of us, we want to make sure our beautiful wildlife and nature is protected so we don’t want to cut down most of the trees.”
The block is mostly cleared by way of being previously used as farmland and is surrounded by bush blocks.
“The person who owned it decided it was a good landholding or the family and have maintained that for a while,” Mr Stamp said.
“Now they’ve got another project they want to engage in.”