A 21,426sqm development site within one the Sunshine Coast’s key town centres has been brought to market through LJ Hooker Commercial Sunshine Coast.
With 325 metres of frontage to the Sunshine Motorway – the region’s main arterial - the listing sits within Sippy Downs’ town centre which hosts the University of the Sunshine Coast (USC) and planning guidelines to encourage new business and tech innovation.
Sippy Downs has a community of approximately 12,000 residents which, along with neighbouring Palmview, is expected to grow to 45,000 by 2041.
Through its zoning, the site offers a broad range of redevelopment options including retail, office, residential and entertainment.
LJ Hooker Commercial Sunshine Coast’s David C. Smith and Mike Stewart are managing the Expression of Interest campaign which closes February 25.
Mr Smith said: “The site’s scale, exposure to the Sunshine Motorway, University and future residential development positions it as one of the most exciting development opportunities on the Sunshine Coast. It has the potential to be a landmark on the Sunshine Motorway.
“Sippy Downs is a growth area and plays a significant role in the region’s economy as a secondary chief activity area to Maroochydore.
“This site will play an integral role in the evolution of Sippy Downs. There are schools, University of the Sunshine Coast, a medical centre, Coles and transport within walking distance.”
In the immediate term, the property accommodates industrial tenants and generates a passing nett income of $468,000 per annum plus GST.
Mr Stewart expected the site to attract national interest.
“Sippy Downs already has USC and is designated as an innovation space for business and technology,” said Mr Stewart.
“It has the potential to be a key attraction in vision for Sippy Downs and the broader Sunshine Coast.”
For media enquiries:
Ryan Ellem
M: 0427 916 020 E: rellem@ljhooker.com
About LJ Hooker Group
96 years, 420 offices, 4,300 people, 4 brands
LJ Hooker Group has been pioneering real estate since opening of its first LJ Hooker office in Maroubra, Sydney, in 1928. Since then, it has grown to become a house of brands including two boutique networks - Atlas by LJ Hooker in Australia, and Harveys in New Zealand - and LJ Hooker Commercial, which provides a comprehensive range of commercial real estate services.
Collectively, the LJ Hooker Group comprises one of the largest residential and commercial sales and property management networks, comprising 420 offices and a team of 4,300 sales professionals, property managers, and support staff across the Tasman.
In 2023, the LJ Hooker Group facilitated real estate transactions totalling more than AUD$18.5 billion (NZD$19.9 billion), while managing one of the largest property portfolios in the region, overseeing about 110,000 properties valued at AUD$83 billion (NZD$89 billion) for investors.
Demonstrating commitment to community, the LJ Hooker Group's ACNC registered charity, the LJ Hooker Foundation, raised and donated over $211,000 to support its charity partners last year.
Share
