4 Rickman Parade
Woorim, QLD 4507

Positioned directly opposite the beach in one of Woorim's most tightly held locations, this property offers a rare opportunity to acquire a premium coastal commercial holding with existing income, ocean views, and significant future development potential, subject to council approval.

Located on a prominent corner site overlooking the ocean, this unique asset combines immediate rental returns with substantial long-term growth prospects in the heart of Bribie Island's vibrant beach precinct.

The property currently accommodates three established commercial tenancies alongside a spacious upstairs residential apartment, providing a diversified investment with multiple income streams.

Commercial tenants include Pigface Seafood, Pigface Mexican, and Mokha Café, all well-known local businesses that contribute to the lively beachside atmosphere attracting both locals and tourists throughout the year.

The upstairs apartment features two generous bedrooms and enjoys ocean views and beachside living, with an estimated rental return of approximately $650 to $700 per week.

A key highlight is the property's favorable zoning, which permits future development potential of up to 15 metres or approximately four storeys, subject to council approval. The site is surrounded by 21-storey zoning on both side and rear neighbors, opening opportunities for significant mixed-use or residential redevelopment in this highly sought-after beachfront precinct.

Key features include:

• Prime beachfront location directly opposite Woorim Beach
• High exposure corner allotment in a tightly held precinct
• Multiple established commercial leases in place
• Additional residential income from the upstairs apartment
• Zoning allowing development potential up to 15 metres / 4 storeys with potential for higher development (subject to council approval)
• Strong holding income with future upside
• Exceptional redevelopment potential
• Surrounded by cafes, restaurants, tourism, and lifestyle amenities
• Rare opportunity to secure a blue-chip coastal investment

Woorim is rapidly emerging as one of South East Queensland's most desirable coastal destinations, and opportunities of this scale and location are becoming increasingly scarce along the eastern Australian coastline.

This property is ideal for investors, developers, land bankers, or visionary buyers seeking a trophy beachfront holding that combines income, lifestyle, and future development possibilities.

Prospective purchasers should note that development potential is subject to council approval. It is recommended to conduct independent enquiries to verify all information provided.