Rosemount-site-subdivision
The former farm is now on the market. Image – supplied
  • A 6.5ha site on the fringes of the Sunshine Coast has hit the market
  • The land is promising for subdivision
  • Expressions of interest close in 3 weeks

What was once a small crop has now hit the market as a prime Rosemount residential site.

Just 10 minutes outside of Maroochydore on the Sunshine Coast, this site has been earmarked as ideal for subdivision. The size of the site means it has the potential to pave the way for the area’t next rural residential development.

Rem Rafter from CBRE Sunshine Coast has been appointed to market the 534 Petrie Creek Road property.

Currently, the site has a 1930s-style Queenslander homestead, near the Petrie Creek Road frontage. It also features a garage and some other small buildings. The property also borders Upper Rosemount Road at the rear.

Rosemount-site-subdivision
The Rosemount site has subdivision potential. Image – supplied

Mr Rafter pointed out that it would only require a code assessment to undertake future subdivisions due to the site’s Rural Residential zoning. This means the assessment is not open to any formal community rights to appeal decisions or provide submissions.

“People are discovering the attractions of Rosemount – a quiet, peaceful suburb where residents can enjoy a rural lifestyle, just 10 minutes from the centre of Maroochydore,” said Mr Rafter.

“This and the site’s development potential is likely to attract significant buyer interest in 534 Petrie Creek Road, which once grew beans, tomatoes, watermelons and papaws, but is currently used as a private home.”

Rem Rafter, CBRE Sunshine Coast

“This is precisely the type of residential development that is attracting newcomers to Rosemount,” Mr Rafter noted.

Under the area’s zoning rules, the site could divide into six large lots.

A large portion of the land is cleared by a 189m section at the site’s Upper Rosemount Road border is tree-covered and identified as a bushfire risk.

The site’s sale is to be conducted via an expression of interest campaign – closing on 25 August 2021. Offers should be submitted to the CBRE Sunshine Coast office.

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