LOT 29 INNOVATION PARKWAY
INFORMATION MEMORANDUM
FOR SALE BY PRIVATE TREATY
AN OUTSTANDING OPPORTUNITY TO BE PART OF THE SUNSHINE COAST’S GROWING URBAN PROSPERITY Located at lot 29 Innovation Parkway, Birtinya, this site is ideally positioned in terms of connectivity to some of the key commercial, social and recreational elements of the Stocklands Masterplan for Kawana.
Lot 29 Innovation Parkway offers a developer the opportunity to create a 245 apartment community within an established residential and business masterplan without the additional costs of creating surrounding infrastructure.
Research undertaken by Urbis on behalf of the vendor indicates a residential development on the site is likely to attract a mix of owner-occupiers and investors, with a large proportion of residents members of the medical and allied health professions, due to the close proximity of the Sunshine Coast University Hospital, Sunshine Coast University private Hospital and the specialist health precinct. It is bordered by key routes on three sides – Innovation Parkway, Central Boulevard and Kawana Way. On the eastern side, the site adjoins the Kawana Business Village precinct and the Oceanside Town Centre. Immediately across Kawana Way are open green space and the National Kawana Rowing Lake, offering a high level of visual and recreational amenity for future residents. The potential of the site to deliver significant returns is illustrated by the existing proposal developed following a detailed assessment of the Kawana catchment and the specific conditions pertaining to the site. This indicative masterplan designed by award-winning architects Nettleton Tribe comprises 245 apartments over four towers of eight levels each, in a mix of generously proportioned 1, 2 and 3 bedroom product. The masterplan also includes significant areas of common open space, a pool and common ground floor and podium parking. Secondary potentials Urbis identified include an aged care or retirement development, with the older demographic showing a strong growth trend in the area, or short-stay residential to address the tourism market. The vendor of lot 29 Innovation Parkway will consider all favourable terms of purchase for this superb development opportunity under private treaty sale.
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Subject to final council approvals, Lot 29 Innovation Parkway offers a developer the opportunity to create a 245 apartment community within an established residential and business masterplan without the additional costs of creating surrounding infrastructure.
BUDERIM
MOUNT COOLUM
NOOSA HEADS
ALEXANDRA HEADLAND
MOOLOOLABA
POINT CARTWRIGHHT
WARANA
BOKARINA
SUNSHINE COAST AIRPORT
KAWANA WATERS MEDICAL CENTRE UNIVERSITY OF SUNSHINE COAST EZYFIT 24/7 FITNESS CLUB
KAWANA PRIVATE HOSPITAL
KAWANA WATERS POLICE STATION SUNSHINE COAST STADIUM KAWANA WATERS AQUATIC CENTRE
HOME CEMTRAL KAWANA - TRADE SECRETS - SPOTLIGHT - ANACONDA - GODFREYS SUPERSTORE - PETSTOCK
JETTS 24/7 FITNESS
99 BIKES BIKRAM YOGA
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Y WA A AN W A K SUNSHINE COAST UNIVERSITY PRIVATE HOSPTAL
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LOT 29
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KAWANA WATERS
TWO NEW UNIVERSITY HOSPITALS A new tertiary teaching hospital being constructed by Lend Lease is due to open in April 2017. The hospital will open with an initial 450 in-patient beds (increasing to 738 by 2021) in addition to outpatient services including a cancer centre, maternity services, rehabilitation, mental health specialised medical and surgical services. It is expected approximately 3,500 staff (increasing to about 6,000 by 2021) will work at the hospital when it initially opens.
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BRAND NEW PUBLIC AND PRIVATE UNIVERSITY HOSPITALS sample copy...... At the heart of Oceanside Kawana will be the multi-billion dollar Health Hub and Kawana Health Campus – a vibrant 24/7 precinct that will become one of the most vital health and medical research districts anywhere in Australia. A leading edge health precinct consisting of 32,000m2 of allied health services, specialist hospital facilities, health accommodation and health related research, education and training facilities is being delivered at Oceanside. Each of the Land Use Areas within the Health Hub are intended to deliver varying land use types - ranging from community facilities and retail and commercial uses, to high and low density residential uses - all intended to support the functioning of the Sunshine Coast University Hospitals.
$ $1.8B INVESTMENT
450 IN-PATIENT BEDS
3,500 STAFF
INCREASING TO 738 BY 2021
INCREASING TO 6,000 BY 2021
3,500 CARPARKS
LOT 29
SUNSHINE COAST PRIVATE UNIVERISTY HOSPITAL
KAWANA HEALTH HUB SUNSHINE COAST PUBLIC UNIVERISTY HOSPITAL
KAWANA HEALTH CAMPUS
LOCATION
THE FUNDAMENTALS ARE IN PLACE TO ENSURE DEMAND One of the key advantages of Lot 29 Innovation Parkway is the advanced state of development in the immediate vicinity. Key infrastructure including roads, walking paths, open green space, commercial and retail space, education, healthcare and community amenities have either already been completed or in the advanced stages of construction and due to be activated throughout 2016 and 2017. The site is less than 1.5km by bus or car from the Sunshine Coast University Private Hospital, 800m from the Sunshine Coast University Hospital and only 500m away - a three minute walk - from Kawana Private Hospital, operated by the Cura Group. The three roads that border the site are all key arterial roads for the Kawana area, and provide superb connectivity to other major employment nodes including putting future residents within 15 minutes drive of Caloundra and 10 minutes drive of Mooloolaba. Local jobs are also set to grow in the immediate vicinity. The site is located immediately within the Kawana retail and commercial precinct being developed by Stockland as part of its masterplan. The precinct already includes office buildings, light industry, warehousing, retail, cafes and restaurants, with further commercial developments underway or in the immediate pipeline. The site also offers direct connectivity via Kawana Way to the Sunshine Coast University Campus 9.5km away at Sippy Downs, and public transport routes are already in place between the site’s locality and the campus. Retailers already trading within 500m of the site include Home Central Kawana, Trade Secret, Spotlight, Petstock and 99 Bikes. Supermarkets within the Kawana area include Coles, Woolworths and ALDI, and there are majors and specialty retailers at Kawana Shopping World.
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Kawana is also well serviced with sporting facilities, including the Sunshine Coast Stadium and the Kawana Aquatic Centre, both within a 15 minute walk via Innovation Parkway and Sportsmans Parade. Kawana Surf Club is approximately 5km away, the beachfront at Mooloolaba is 11.4km away, and Noosa Heads is just under an hour’s drive away via either the Sunshine Motorway or M1 routes. The centre of Brisbane is just under one hour away via the M1.
PART OF A BIGGER VISION
STOCKLAND’S OCEANSIDE KAWANA Leading developer Stockland has masterplanned Oceanside Kawana to become a major focus of commercial and healthcare opportunity providing approximately 12,000 ongoing jobs and generating an estimated $828 million contribution annually to the local and state economy. On completion, Stockland expects Oceanside will be home to approximately 30,000 people.
In total, $5.3 billion in investment is projected, with developments also including multi-residential, detached dwellings, retail, hospitality, social infrastructure and transport and civil infrastructure.
The development area includes Birtinya, Bokarina Beach and a developing Town Centre and commercial precinct. The Lot 29 Innovation Parkway site adjoins the evolving OceansideTown Centre and is within just a short walk of the Oceanside Health Hub and Sunshine Coast Health Campus, which will increasingly become one of Australia’s leading centres for healthcare and medical research. Major developments that are underway or recently completed include the Best Western Plus Oceanside Kawana Hotel, the Sunshine Coast University Hospital, the Sunshine Coast University Private Hospital, the $21 million Pulse Oceanside Medical Complex, Opal Aged Care’s $36 million vertical aged care development, and the $3 million Oceanside Early Learning Centre. Stockland has also already delivered in excess of $40 million of transport and community infrastructure in the precinct surrounding the Sunshine Coast University Public Hospital, as well as substantial investments in roads, cycle and walking paths, open space areas and civil works across the Oceanside Kawana development.
$5.3B
12,000
$825M
30,000
$40M
INVESTMENT IS PROJECTED
ONGOING JOBS
CONTRIBUTION TO THE ECONOMY
NEW RESIDENTS
INVESTED IN INFRASTRUCTURE
LOT 29
Legend Sales & Information Centre
Exisiting Residential
Birtinya at Oceanside
Future Development
Kawana Health Campus
Existing Commercial/Retail
Oceanside Health Hub
Community Facilities
Oceanside Town Centre
Parks
Eastbank
Conservation Park
Walking/Bike Paths
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THE SUNSHINE COAST
A RAPIDLY GROWING SMART CITY The Sunshine Coast has always been a destination of choice for both holiday makers and retirees, with its enviable beaches, lush nature reserve areas and strong retail, hospitality and lifestyle offerings.
In 2016, an estimated 289,389 people were permanent residents of the Sunshine Coast Council area, and this is forecast to grow to 380,649 over the next decade to 2026.
Research by Tourism and Events Queensland shows the Sunshine Coast attracts over seven million visitors a year for both day trips and overnight, spending an average of $678 each. In total, tourism contributes just over $1.5 billion to the Sunshine Coast economy. In 2016, an estimated 289,389 people were permanent residents of the Sunshine Coast Council area, and this is forecast to grow to 380,649 over the next decade to 2026. The largest percentage of new residents are expected to be in the age 30 to 34 years demographic, and by 2026 it is expected the age 40 to 44 age group will be the largest age group. Couples without children are expected to comprise the dominant household type at 34.4 per cent of all households. The Sunshine Coast region’s Gross Regional Product in 2015 was estimated at $12.48 billion. The region’s employment levels are high – the March 2016 Australian Bureau of Statistics data showed the region had the third lowest unemployment rate in Queensland at just 4.5 per cent. The dominant sectors for employment are the white-collar, technical and professional sectors, with healthcare and social services the leading sectors. In recent years, the Sunshine Coast Council has also stimulated a wide range of other commercial opportunities, including attracting a growing number of innovators in the clean technology space. The council is supporting the development of a business and technology precinct adjacent to the Sunshine Coast University Campus at Sippy Downs. The Innovation Centre aims to attract and foster firms and start-ups in the knowledge economy and high technology space, and also to leverage university research. Other innovation hubs are planned for Caloundra South and the Federal Government is supporting the Maroochydore SPARK BUREAU.
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LEGEND Hospital IN N O VA T IO N P K WY
Fitness Retail Beach Water sports Police Aquatics Hot yoga
NICK LIN WAY
Town centre
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Council has developed a Smart City Framework in conjunction with Cisco and Telstra that aims to position the region as a global leader in sustainable living and high-value employment and enterprise. An example of how this translates into action is the proposed Sunshine Coast Light Rail. This is award-winning plan aims to provide efficient low-carbon transport between Maroochydore and Caloundra, and plans to include Kawana in the route due to the rapid growth of the area’s population and employment base. The Sunshine Coast Airport, which currently services around one million passengers annually, is being expanded to become part of an aviation and aerospace hub. The $347 million airport expansion, which is expected to be completed and operational by 2020, will enable the airport to host direct international flight access to strategic Asian destinations for both passengers and freight.
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The Aerospace precinct adjacent to the airport will provide over 35,000m2 of both airside and landside sites for innovative aviation industries, firms in the repair and maintenance space, training facilities and other aviation support industries.
MOFFAT BEACH
CALOUNDRA
BRIBIE ISLAND
OCEANSIDE DEVELOPMENT
OCEANSIDE TOWN CENTRE DEVELOPMENT
KAWANA WATERS
LOT 29
PELICAN WATERS
SUNSHINE COAST UNIVERISTY HOSPITAL
LOT 29 INNOVATION PARKWAY
This document is not an offer to sell or part of a contract of sale. Potential purchasers accept this document on condition that they will make their own enquiries and investigations and obtain their own independent advice in order to verify all information on which they intend to rely, at their own satisfaction. None of Vendor, RnR Strata Sales, their related bodies corporate and their respective officers, employees, agents and advisers (together called Vendor/RnR) make any representation or warranty (express or implied) as to the content, accuracy, reasonableness, completeness or reliability of any information, statement, forecast, projection, opinion or matter contained in this document. To the maximum extent permitted by law, the Vendor/RnR do not accept any responsibility for any inaccurate or misleading information in, or for any omission from, the material contained in this document, and the Vendor/RnR disclaims liability under any cause of action including negligence for any loss arising from reliance on this document. Acceptance of this document constitutes the recipient’s acknowledgement of and agreement to this exclusion of liability and to the release of the Vendor/RnR from any such liability. Recipients should obtain their own independent legal, financial and other advice in relation to the formation in this memorandum and evaluating the suitability of the Management Rights. Any investment in the Management Rights is subject to investment risks.