The iconic building next to Lake Eden at North Lakes has been sold for $3.5 million to a development company planning to build a boutique hotel and restaurant.
As well as being one of the most sought after locations in North Lakes, the site has a close connection to the community as the former sales office for developers Lend Lease and Stockland.
Ray White Commercial Agent, Ellie McGovern, said the 950 sqm building is situated on a land area of 5050 sqm and is the only commercial property in North Lakes located on the shores of Lake Eden.
“There is great anticipation about plans for the picturesque site as it will be the first hotel in North Lakes.”
A development application for a hotel including accommodation, restaurant, bar and function rooms is currently before Moreton Bay Regional Council.
“This will be an exciting development for the North Lakes community, which has been screaming out for something like this,” Ms McGovern said.
“The hotel and restaurant will be situated in a beautiful lakeside location. It will be a major attraction for the many young families in the North Lakes area and also for visitors.”