Condo at 2 Lorraine Avenue, Marcoola hits market for the first time
A modern Sunshine Coast coastal residence with commercial premises promising $80,000 returns has been put up for sale for the first time.
QLD News
Don't miss out on the headlines from QLD News. Followed categories will be added to My News.
An elegant condo perched in a quiet Sunshine Coast suburb has been placed on the market for the first time with a $6m price tag.
The three-storey property at 2 Lorraine Avenue, Marcoola offers a residential and commercial blend, with a tenancy on the ground floor and a four-bedroom home on the upper floors.
The condo has been listed for sale for the first time since its completion in 2024 by Town agent Zach Favell and Craig Morrison on behalf of the owner Beau Cooper, who is now looking for their next project.
Mr Favell said the price guide will be about $6m or higher.
The ground floor tenancy is leased until late 2029 to cosmetic clinic Pelle, which is currently returning $80,000 per year, Mr Favell said.
“It is a truly unique chance to acquire a beachside residence that also generates cash flow through an integrated commercial space,” he said.
The property was designed by COR Architects and built by Cooper Small, with an “inspired blend of liveable coastal luxe with a passive income stream” in mind, the listing shows.
On the first floor above the tenancy, the residence features three bedrooms, a study, bathroom and powder room, living space and laundry.
The second floor features the master bedroom with ensuite, a powder room, kitchen and open plan living.
A heated suspended pool bridges to a rooftop terrace with garden, the listing shows.
Lift access is also provided between the residence and a ground floor lobby.
The property adjoins park facilities with a playground and seating just a few steps away from the beach, leaving no roads to cross to reach the shore.
The listing describes the home as a “high-end build” with bespoke features, “clever” orientation and use of space as well as connectivity to the outdoors.
Its design exudes “understated elegance and sophistication” with maximised views of the hinterland and ocean, the listing reads.
The condo was also designed to allow the construction of additional floors in the event maximum building height limits increase.
More Coverage
Originally published as Condo at 2 Lorraine Avenue, Marcoola hits market for the first time
Sacre Bleu! A shove is not actually a joke
The French President’s tarmac tussle sparks debate on gender roles, power dynamics, and the dangerous normalisation of aggression in high-profile relationships, writes Kylie Lang.
‘Gimme, Gimme, Gimme’: Australia’s alarming obsession with freebies
We live in a nation where politicians are doling out freebies like there’s no tomorrow and everyone has a hand out for government money, writes Des Houghton.