TOWNHOUSES are set to replace a Sunshine Coast theme park after the sought-after site was sold for more than $2 million.
Top Shots Fun Park at Maroochydore shut its doors in January after 16 years of putt-putt and laughter. The park featured a rock climbing wall, mini golf, “extreme trampolining”, dodgem-style motorised “blaster boats” in a lagoon pool, arcade games, a jumping castle-style dome and inflatable water slides.
The Allora Dr site, just off Maroochydore Rd near the Sunshine Motorway, has been bought by Reed Property Group for $2,050,000, the Sunshine Coast Daily reports.
A 40-home, contemporary townhouse development called Locale has been launched at the 7934 sqm property.
Savills Sunshine Coast director Jason O’Meara said there was considerable interest in the site during the sale campaign.
“Medium density infill sites of this size in the immediate Maroochydore area are few and far between, particularly ones with an approval in place, so it came as no surprise the market response for 2 Allora Drive was very encouraging,” Mr O’Meara said.
“It’s an extremely rare site of just under two acres which had an existing development approval for 68 units.
“It also boasts an enviable central Sunshine Coast location, overlooking a tranquil man-made lake and residing within three kilometres of Maroochydore CBD and regional shopping centre, Sunshine Plaza.
“It was this location that appealed to the buyer, as well as the site’s potential for a unique townhouse development.
He said there had been strong buyer interest in the new housing development.
Construction is scheduled to start in September and finish in May next year.
CBRE Sunshine Coast Managing Director Rem Rafter said it was an opportune time to launch a housing development in Maroochydore.
“The Sunshine Coast is in the midst of a major infrastructure boom that will drive the local economy for the next 10-20 years,” Mr Rafter said.
He said Suncentral Maroochydore, Oceanside Kawana, the new Sunshine Coast University Hospital and Sunshine Plaza developments were examples of that boom.
“In addition to these infrastructure upgrades, the area currently has an influx of over 7000 people per annum and working on 2.4 persons per household this will mean an additional 3000 new residential properties will need to be created annually.”
Originally Published: http://www.couriermail.com.au