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  • Sunshine Coast resort with adjoining development site listed for sale

Sunshine Coast resort with adjoining development site listed for sale

Sunshine Coast | 26 August 2020
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Large, flat waterfront sites with development approvals in place to build a new Manufactured Home Estate are a rare commodity these days.

Sites located on Queensland’s Sunshine Coast, close to the regional airport, medical services and the emerging metropolis of Maroochydore, are even scarcer.

And when the offering includes an established tourism resort, returning annual profits of more than $1 million and providing an immediate cash flow, it becomes almost irresistible.

CBRE Sunshine Coast and CBRE Hotels are offering such a site – 38.33ha of prime land, situated within a rapidly growing tourism precinct in the heart of the Sunshine Coast, one of the most desirable destinations in the country.

The sale includes the Maroochy Waterfront Resort, a long established successful accommodation and conference centre that comprises a 65-room camp and conference facility, a small manufactured home park comprising 23 sites, and a short-term 19-cabin motel. It also includes its own 3ha lake.

But it is the adjoining 32ha development site that is certain to attract special interest.

Situated at Diddillibah, close to the Maroochy River and abutting a conservation zone, the site comes with Sunshine Coast Council development approval to build a MHE residential community comprising 143 long-term two bedroom homes and 143 short-term sites – cabins and glamping tents.

The Council has also granted a Development Permit for Operational Work on the site, allowing engineering, stormwater and bulk earthworks to be immediately carried out.

In recent years Australia’s MHE industry has transformed from holiday accommodation caravan parks to an increasingly diversified mix of affordable, yet high quality, permanent housing options.

They have become increasingly popular with active, mobile retirees looking for an alternative to retirement villages and impressed with the security and simplicity of living in an MHE community.

The only problem has been the scarcity of suitable greenfield sites – particularly in an area like the Sunshine Coast which has long been a preferred destination for retirees.

Development approval for this site, which includes a central lake, pontoons, sports fields, swimming pools and a walking track around the lake, provides for 92 cabins and 51 glamping tents – accommodation for holiday-makers and tourists.

CBRE Hotels director Andrew Jackson said short-term accommodation providers in regional locations had become an unexpected beneficiary of the COVID-19 pandemic.

“Frustrated demand has triggered heightened interest from domestic travellers looking for authentic local offerings in the absence of international travel,” he said. 

“Despite the reintroduction of state border closures, regional operators in Queensland are still afforded good access to their captive state market, and ‘drive-to’ markets such as the Sunshine Coast are strongly positioned to become potential recipients of this displaced interstate travel,” he said.

“This will continue to underpin demand for leisure and short-term accommodation properties in such locations.” 

There are three lots involved in the sale. They are neighbouring properties, accessed from David Low Way, in quiet, rural Diddillibah, only 4km from Maroochydore, where a new CBD is being developed across the road from Sunshine Plaza, the largest shopping centre north of Brisbane.

The three lots are being offered separately or in one-line.

They are for sale by Expressions of Interest, closing on Friday, 25th September 2020 at 12 Noon. 

Exclusive marketing agents are Andrew Jackson (0405 355 972, [email protected]) and CBRE Sunshine Coast managing director Rem Rafter (0408 714 420, [email protected]).

For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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