News
30 September, 2024
Old ‘Coles’ site goes on the market
A SITE that had been earmarked for a Coles, petrol station and fast-food restaurant is on the market.
A SITE that had been earmarked for a Coles, petrol station and fast-food restaurant is on the market. The nearly 41-acre site on the corner of Roys Rd and Steve Irwin Way is being marketed by Knight Frank as ideal for small lot industrial sites.
It follows a two-year court battle by Coles to gain approval to build on the site after its proposal was rejected by the Sunshine Coast Council. Coles withdrew its court application earlier this year, citing a lengthy court battle along with uncertainty about its potential return on investment given the huge rise in construction costs since its initial application.
Knight Frank describes the site, which includes a strawberry farm and house as “an ideal opportunity to secure a large industrial site which will offer a superb industrial small lot development opportunity in one of the fastest growing regions in Australia”.
Pricing for the site is still currently unknown.
