Rare chance to acquire development land in central Maroochydore
A parcel of land next to the Sunshine Coast’s biggest shopping complex and close to the new Maroochydore city centre project has come onto the market.
18 Feb 2019
CBRE is marketing a 2.014 ha development site on the corner of Plaza Parade and Millwell Road East, adjacent to where finishing touches are being applied to Sunshine Plaza’s new David Jones department store.
The sale comes at a time when development activity in Maroochydore is at a hectic level. As well as Lendlease’s $450 million expansion of Sunshine Plaza – Queensland’s biggest shopping centre north of Brisbane – work is continuing on SunCentral’s ambitious project to create a modern CBD on the site of the old Horton Park golf course.
The site, which is currently vacant and was once used as a reserve car parking space for Sunshine Plaza shoppers and workers, is situated within a Principal Centre Zone, which allows building heights up to 25 metres.
CBRE Sunshine Coast managing director Rem Rafter said the property had many development possibilities.
“It is proposed that the zone in which the site is situated be developed as a mixed-use retail core,” Mr Rafer said. “This leads to a variety of potential uses, including high-end shopping, commercial, and residential accommodation.”
Given its proximity to the Maroochydore City CBD development, the zone will become the most concentrated urban setting in the central Sunshine Coast.
The State Government has designated Maroochydore to be the Sunshine Coast’s Principal Activity Centre. It will be the region’s main focus of development for the next 10 to 15 years, and this site is central to those plans.
A tidal waterway runs through part of the property, allowing future development plans to include a major waterway feature, just as Sunshine Plaza has utilised Cornmeal Creek to create a canal system running through the shopping centre.
The land is for sale by Tender, which will close on Wednesday, 13th March 2019 at 12.00pm. Tenders are to be lodged online via the link below:
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 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 480 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.
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 https://www.cbre.com.