- 4.19 hectare site has been home to a popular driving range
- Current zoning allows for construction of high-density accommodation
- Net annual income is $177,720
A 4.19-hectare block in Sippy Downs – on the Sunshine Coast – has been swung into the market. The site has been home to a local popular golf driving range and is only a kilometre away from the University of the Sunshine Coast.
Additionally, the 15 Sippy Down Drive site falls under a town planning zone that allows for high-density accommodation, which comes as the area is emerging as possibly Australia’s first ‘university town’.
Rem Rafter, Managing Director of CBRE Sunshine Coast, said the property’s central location, currently bested by numerous developments and with easy access to the Sunshine Coast Motorway, makes the site tee-reffic for an investor.
“Thousands of residents have settled in Sippy Downs, keen to live close to the education facilities and take up employment opportunities provided by the area’s remarkable growth.”
Ram Rafter, Managing Director of CBRE Sunshine Coast
Under current zoning, apartments, townhouses or short-term accommodation to a maximum height of 25m could be constructed on the site.
Currently, the site enjoys a Net Annual Income of $117,720.
Sippy Downs itself has grown significantly since the University opened, having established itself as a popular educational hub. Along with the University, two local Colleges – Siena Catholic College and Chancellor College – are all located within 1.5km of the site.
Youi, one of the largest insurance companies in Australia, has established its national headquarters along Sippy Downs Drive and two significant shopping precincts. These are anchored by Coles and Woolworths, and have been opened to support the area’s growing population.
The site’s Expressions of Interest campaign closes on Wednesday 5 May.