Land Bank, Rent out or Redevelop | Central Location
Tightly held and brimming with potential, 49 Warana Street offers an incredibly rare opportunity to secure a foothold in one of Noosa Heads' most desirable and central pockets. Set on a 630m² with a level building envelope, this site presents an attractive entry-level proposition for builders or landbankers seeking a straightforward redevelopment project-minimising site costs and maximising efficiency. Backing onto a bushland setting, the block combines ease of construction with a peaceful, natural outlook in company with fantastic architectural homes just up the street.
The current residence, built in the 1970s, comprises four bedrooms, two bathrooms, and a two single garages, with a practical layout split across two levels. Upstairs features three bedrooms and one bathroom, while the lower level includes a self-contained one-bedroom apartment with its own living area, kitchen, and bathroom-ideal for dual living or additional rental income.
With established tenant in place until November 2025, this is a ready-made investment with future upside in a premium growth location.
• 630m² level block with a bushland backdrop • Approx. 15m street frontage | Approx. 27m rear boundary • 5 bedrooms | 2 bathrooms | 2 car garage • Solid 1970s construction with flexible dual-living layout • Upstairs: 3 bedrooms, 1 bathroom • Downstairs: 1-bedroom granny flat with kitchen, living & bathroom • Excellent potential for redevelopment or landbanking • Currently tenanted until November 2025 - $630 per week • With basic improvements could be rented up to $1000 per week • Walking distance to Noosa Junction, Noosa Farmers Markets, transport • 10% deposit | 30/60 day settlement preferred
With increasing demand for new, modern homes in Noosa, builders and developers will recognise the unique value of this flat site. Alternatively, for those looking to secure a long-term asset in a tightly held pocket, this is an ideal property to landbank and hold.
