A development site with approval in place for a small townhouse complex to be built has hit the market in Beerwah, located within a well-established residential precinct.

Located at 67 Beerwah Parade, the property is being offered for sale via exclusive marketing agents Jason O’Meara and Scott Gardiner of Savills.

Director of Savills Sunshine Coast, Jason O’Meara, said the property has great development potential for the incoming buyer.

“There is a key opportunity here, especially for a small developer who is looking to capitalise on the current demand for residential property in the Sunshine Coast area,” Mr O’Meara said.

Located in a 1,366sq m site, the property is centrally located with ease of access to Steve Irwin Way and the Bruce Highway.

As the property is zoned Multi-Unit Residential, the Development Approval in place allows for eight townhouses to be constructed to a height of two storeys each.

The approval allows the dwellings to comprise of up to three bedrooms, two bathrooms (including an ensuite), a study, double lock up garage plus a balcony.

State Director of Savills, Scott Gardiner, said the property is perfectly positioned for residential use, within close proximity to the rail line, local shopping centres and businesses, plus school facilities.

“We anticipate the property to receive a high level of enquiry both locally and from interstate buyers looking to expand their portfolios,” Mr Gardiner said.

Expressions of Interest close at 12pm on Thursday 4 October 2018.