Sunshine Coast

Rare opportunity to acquire prime Sunshine Coast development sites

Two large Sippy Downs development lots directly opposite the University of the Sunshine Coast have been earmarked for sale in one of the region’s fastest-growing new town centres.

08 Nov 2019

Two large Sippy Downs development lots directly opposite the University of the Sunshine Coast have been earmarked for sale in one of the region’s fastest-growing new town centres.

The allotments – one comprising 4,550sqm of flat, vacant land; the other slightly larger at 4,602sqm – are situated near the intersection of Stringybark Road and Sippy Downs Drive, on a site once occupied by a Montessori school.

They represent the final offerings in a five-lot subdivision, the balance of which has already been sold by CBRE Sunshine Coast. 

One block of 4,486sqm was acquired for $3.1m by a Sunshine Coast pharmacist who has approval to build a large-scale pharmacy, medical centre and café. 

Two other adjoining lots totaling 3,716sqm were snapped up for a combined price of $2.1 million by a group of local medical specialists who will soon construct their own premises.

“With the region’s major tertiary education precinct across the road, the insurance giant Youi’s new national headquarters only 500 metres away, and now a medical precinct about to take shape, the area is taking shape to reflect Sunshine Coast Council’s vision for knowledge-based, innovative industry in the region,” CBRE’s Brendan Robins said.

CBRE is now marketing the two remaining lots, which are adjacent to a new Coles supermarket and close to a booming residential and business precinct.

As well as the university, Sippy Downs is the site of Siena Catholic College’s primary and secondary schools and the dual campuses of Chancellor State College. Matthew Flinders College is 2km away on Stringybark Road.

“As a result of the area’s proximity to the Bruce Highway, Sunshine Motorway and the beaches of Mooloolaba and Maroochydore, thousands of residents have chosen to make the Sippy Downs and Palmview area their home,” Mr Robins said.

“This has been underpinned by the development of well-established residential estates like Chancellor Park and by projects such as 926ha Palmview development known as Harmony, which will comprise 7,000 dwellings and accommodate approximately 16,000 residents. Multiple residential projects are also being developed along Stringybark Road and the streets that intersect with it.”

The Sippy Downs lots up for sale are located within the ‘Major Centre’ zone of the designated Sippy Downs Town Centre. 

The zone allows a maximum building height of 25m and provides for a wide variety of uses, including child care, retirement, retail, medical, sporting or religious uses, subject to the relevant planning approvals.

The lots are available for immediate sale.  Exclusive selling agents are CBRE Sunshine Coast director Brendan Robins (0402 159 588, [email protected]) and managing director Rem Rafter (0408 714 420, [email protected]).

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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.

Disclaimer:

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.