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.