Pictured above: artist's impression of Caloundra development project
One of the Sunshine Coast's most significant Development Approved mixed-use sites located in Caloundra is being offered for sale by Colliers.
The 5,289 sqm site, located at 1-9 Bulcock Street & 45-47 Bombala Terrace, Caloundra, is being marketed via an expressions of interest campaign by Colliers agents James Matley, Brendan Hogan, Baydn Dodds and Nick Dowling.
The site represents the opportunity to deliver an apartment and hotel mixed-use development within one of the most supply-constrained and in-demand locations across the country. Situated on top of an elevated parcel at the top of Caloundra's main street, the site offers magnificent blue-water ocean views.
The approval offers 104 premium residential units and 125 Hotel rooms with a significant commercial and retail component, while the development approval allows for a building height up to 40 metres.
Colliers Executive for development sites, James Matley, commented on the opportunity, saying, “Amidst a landscape of limited supply and surging demand for high-end residential properties and hotel offerings, potential buyers are presented with an extraordinary chance to seize the full potential of this remarkable site. Boasting an unparalleled location and an awe-inspiring scale, recreating such a captivating opportunity on the Sunshine Coast would be nearly impossible”.
Brendan Hogan, Director of Residential of Colliers Brisbane, commented on the site's strategic positioning; “The site is strategically positioned on the main street of Caloundra and boasts immediate access to a diverse selection of dining, retail, and entertainment options. The project itself will also bring a scale of retail and commercial that the area is in dire need of”.
The site is set to draw significant interest from the developers, for further information, please reach out to the sales agents.
Expressions of Interest close on Thursday the 20th of July at 4 pm.
