A Sunshine Coast tourism hotspot, which attracts more than two million visitors a year, is up for sale after an almost decade-long rejuvenation.
The Wharf Mooloolaba has been listed for sale by long-term owners Evans Long, with the sale also including a 50-year wet lease until 2074 over more than two hectares on the Mooloolah River, incorporating a 57-berth marina.
Evans Long Director Dirk Long said since bought by the company in 2016, The Wharf, which was originally developed in 1988, had undergone a transformative, multi-million-dollar refurbishment.
“The Wharf has been a passion project for nearly 10 years,” Mr Long said.
“We’re extremely proud to have restored it as a community and tourist anchor, and we believe its next chapter will be even more exciting under new ownership.”
Listing agent, CBRE’s Queensland State Director, Retail, Michael Hedger said the extensive repositioning unlocked a portion of the precinct from leasehold to freehold ownership and revitalized its offering, converting it into a vibrant, high-performing tourism and lifestyle hub.
Mr Hedger said The Wharf attracted over 2.2 million annual visitors with a strong mix of best-in-class restaurants, bars, retail outlets, and marine-based activities.
“The Wharf is poised for significant future growth being advantageously located in the Sunshine Coast, a globally recognised tourism destination that welcomes more than 4.34 million domestic and international visitors annually.”
He said the precinct was also set to benefit from the 2032 Olympic and Paralympic Games infrastructure, the Aria $350 million 5-star hotel development, and KPAT’s $250 million ‘The Avani’ hotel development.
“The offering includes prominent, underutilized waterfront space, an ideal platform for an innovative investor to value add and capitalise on strong market demand.
“Additionally, there is immediate upside potential through tenancy remixing and further precinct activation.”
Mr Hedger said Expressions of Interest closed on October 2, unless sold prior.
