This article is from the Australian Property Journal archive
A LARGE rural asset on the Sunshine Coast by Kunda Park is up for grabs, after being earmarked for several unsuccessful projects over the past 10 years.
The 103.5-hectare Forest Glen landholding currently sits vacant, after multiple plans for the site including for a golf course, sand mine and quarry were unrealised.
Rem Rafter and Matt Marenko from CBRE Sunshine Coast are managing the sale via an expressions of interest campaign.
The zoned Rural property spans five separate lots, divided into two major parcels with 2km of frontage to Maroochydore Road and 5.5km of frontage to Eudlo Flats Road, which divides them, Eudlo Creek Road and Rafting Ground Road.
“The intent of the zoning is to provide low impact uses generally associated with agriculture, however, subject to the relevant approvals, future development opportunities would be dependent on the sites’ inclusion within an urban footprint in an industrial zone,” said Rafter.
The Rural zoning is under the Sunshine Coast Planning Scheme, enabling activities such as grazing, cropping, aquaculture and horticulture, as well as activities which provide services to rural areas.
The property sits adjacent to one of the Sunshine Coast’s most largest rural estates, Kunda Park.
“Growth in the region is being driven by an increase in knowledge-based jobs, exports and household income. As well as its historic core industries, tourism and construction, the strength of the Coast’s economy is its diversity across health care, education, finance, and professional business services,” added Rafter.
On the Sunshine Coast, aged care provider Rockpool has announced plans for a $44 million facility at Pelican Waters’ new island precinct, after acquiring a 6,000sqm site.
While CFMG Capital recently made three acquisitions across Queensland, including a new development site on the Sunshine Coast and two land parcels in the northern growth corridor.
The expressions of interest campaign for the Forest Glen landholding is set to close on 14 October, 2021.
