Located at 201 Parkyn Parade, the Mooloolah River Fisheries site represents a rare convergence of government-backed security and irreplaceable marine infrastructure in the heart of the region's commercial port.
Being marketed by Emily Pendleton and Michael Shadforth of RWC Northern Corridor Group, the leasehold interests of the 1.181-hectare deep-water site is being offered via Expressions of Interest.
"This is one of the Sunshine Coast’s last remaining deep-water, marine-zoned waterfront sites, making it a genuinely irreplaceable asset class with exceptionally high barriers to entry," said Emily Pendleton. "The property is the iconic home of the Mooloolaba Prawns, operating as a true working harbour asset rather than a generic waterfront holding."
The investment profile is defined by its robust income, with the leasehold is secured by a Head Lease to Transport and Main Roads (TMR) with a long-dated expiry of June 2038.
Ms Pendleton emphasised that the nature of the tenancy is a major drawcard, noting that the site is "leased to Superior Food Group, a Metcash-backed national operator, providing immense covenant strength" for any incoming investor.
Michael Shadforth believes the scarcity of the land use is the primary driver of value. "Opportunities of this calibre are exceptionally rare," Mr Shadforth said. "Deep-water, marine-zoned assets with secure, long-dated income and government-backed covenants simply do not come to market often on the Sunshine Coast."
He explained that the asset benefits from "strong defensive income characteristics" and a "strategic importance to marine, fisheries and logistics operations" that cannot be replicated by traditional commercial real estate.
The site includes 3,091sqm of purpose-built improvements, ranging from retail and restaurant spaces to specialised cold-storage and wharf facilities. "Unlike traditional commercial assets, this opportunity combines protected marine zoning with national covenant strength and operational waterfront infrastructure," Ms Pendleton said. "This blend of zoning protection and irreplaceable location is extremely rare within the Sunshine Coast market, particularly as marine-capable land continues to tighten across coastal markets."
According to Mr Shadforth, the listing arrives at a time when investor appetite is shifting toward infrastructure-linked real assets. "Deep-water, marine-zoned waterfront assets are becoming increasingly scarce across coastal Queensland, with virtually no new supply entering the market due to zoning protections and planning constraints," he said. "With marine-capable land tightening, this opportunity aligns strongly with current investor appetite for defensive, long-term income with genuine scarcity value."
The Mooloolah River Fisheries site remains a critical hub for the regional economy, and its sale represents a generational opportunity to secure a piece of Queensland’s maritime history.
"This asset class benefits from high barriers to entry and a location that is, quite simply, one of a kind," Mr Shadforth said.
