A large Sippy Downs development landholding for sale with holding income, where Sunshine Coast golfers have honed their swings. Exclusive marketing agent Rem Rafter, managing director of CBRE Sunshine Coast, said the property was ideally situated in the middle of the Sippy Downs town centre, with development taking place all around it.

The 4.19ha block, situated within the Sunshine Coast’s education hub in a fast-growing suburb, is currently occupied by one of the region’s most popular driving ranges.

15 Sippy Downs Drive is 1km from the University of the Sunshine Coast, close to the Sippy Downs business and retail centre and within a town planning zone that allows for high density accommodation.

Exclusive marketing agent Rem Rafter, managing director of CBRE Sunshine Coast, said the property was ideally situated in the middle of the Sippy Downs town centre, with development taking place all around it.

“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,” he said.

The site has generous frontages to Sippy Downs Drive and the Sunshine Motorway and lies within the High Density Residential zone of the Sippy Downs Local Area Plan, where development land is scarce and rarely is offered for sale.

The zoning encourages the construction of apartments, townhouses, or short-term accommodation to a maximum height of 25m, supported by community activities and small-scale services and facilities catering to residents’ needs. Sunshine Coast Council will insist all development incorporate high-quality, sub-tropical building and landscape design.

Mr Rafter said the Net Annual Income of $117,720 had generated enough holding income to fund a significant part of the purchase price through a bank loan.

Sippy Downs has grown dramatically since the university opened in 1994 – the suburb is now the region’s established education hub, with Siena Catholic College and Chancellor College all situated within 1.5km of the site.

Youi, one of Australia’s largest insurance companies, has established its national headquarters in Sippy Downs Drive, and significant shopping precincts – one anchored by Coles, the other by Woolworths – serve the growing population.

Located an hour’s drive north of Brisbane, the Sunshine Coast is one of Australia’s most dynamic and fastest growing regions, and its population is predicted to grow by another 184,000 by 2036 and its Gross Regional Product is expected to more than double to $33 billion by 2033.

The site is for sale by Expressions of Interest, closing Wednesday, 5 May, 2021, at 12 noon.

To request a copy of the Information Memorandum please email the marketing agent Rem Rafter of CBRE via the contact form below.