Connect with us

Infrastructure

Popular Sunshine Coast fun park may sell for units

Published

on

THE owner of a popular Sunshine Coast adventure park whose site has been listed for sale hopes a bigger and better fun park will be built under new landlords.

Even if the site it was sold for residential development, Top Shots Fun Park would remain open “into next year”, Top Shots owner Barry Higgins said.

Mr Higgins first opened the gates to the theme park 15 years ago, and said he has known for the past year that his landlords intended to sell.

“It could end up bigger and better,” Mr Higgins said. “That would be ideal.”

RELATED: 10 Sunshine Coast attractions you might have forgotten

If a major investor was found, Top Shots could be grown into a world class theme park, with a variety of newer activities and a bigger operation, Mr Higgins said.

“You’d need to have a major entertainment business come on board to inject millions into making it bigger and better rather than a residential development,” he said.

“I just think there’s a need for a good, centrally-located family entertainment centre.”

Mr Higgins said he knew the site was very valuable, being one of the highest points in the Maroochdyore area and close to the new Maroochydore CBD.

“They (the owners) did approach me a short time ago to say that (sale of the land) was their intention,” he said.

Mr Higgins said he hoped to negotiate a new lease with a different landlord, and if redevelopment for residential uses was planned, he hoped it would happen slowly.

“If they did it (develop the land for residential use) progressively the park could stay there for some time, but if they didn’t the park would have to be demolished.”

Mr Higgins said he had not had Top Shots’ rides and activities valued but if he had to sell, he would likely put them out to tender.

But on Wednesday, closure was the farthest thing from his mind as the screams and laughter of children enjoying school holidays rang through the air.

“Business is good,” he said.

“Winter’s still good for us, because we don’t have the beach to compete with, as much in winter.”

A Sunshine Coast Council spokesman has confirmed that a ‘material change in use’ application to allow 68 residential units at the site presently occupied by Top Shots Fun Park was approved in September 2014.

No development applications were now being assessed for the site, the spokesman said.

Holiday Fun at Top Shots Fun Park Jake Herden Photo: Warren Lynam / Sunshine Coast Daily

Holiday Fun at Top Shots Fun Park Jake Herden Photo: Warren Lynam / Sunshine Coast DailyWarren Lynam

EARLIER: Iconic Sunshine Coast fun park may sell for units

A POPULAR Sunshine Coast adventure park has been listed for sale, and will likely be demolished for residential units.

Located near the corner of Maroochydore Rd and Sunshine Mwy, the 9934sq m Top Shots Fun Park property is now for sale by real estate giant CBRE.

Top Shots has been a favourite holiday destination Sunshine Coasters and visitors alike, whether the kids are screaming for mini golf, a waterslide, ‘extreme trampoline’, rock climbing or other activities.

Under the sale offer, the Top Shots property could be transformed into a new housing development, as it already holds development approval for 68 residential units, CBRE’s statement says.

“The site has holding income until 31 January 2017 and an attractive outlook across a man-made lake,” said marketing agents Jason O’Meara and Scott Gardiner, of Savills, in conjunction with Glen Grimish and Rem Rafter from CBRE.

“The proposed plans provide for three detached buildings offering units with 1, 2 and 3 bedroom formats with a deck area.

“The units will offer an internal area from 60sqm up to 113sqm, with deck areas from 15sqm up to 28sqm.

“Located on the western fringe of Maroochydore, which is experiencing a rapid growth phase as the result of on-going projects such as Sunshine Cove and the proposed re-development of the former Horton Park Golf Course precinct (known as SunCentral), the selling agents expect there will be strong demand for this style of residential complex offering.”

Expressions of interest for the property close on Thursday, August 11.

Interested parties should contact either CBRE or Savills.

The Daily is seeking an interview with owner of Top Shots. Updates to follow.

Original article published at www.whitsundaytimes.com.au by Nicky Moffat 06/7/16

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Infrastructure

Council commits to new Coast convention centre

Published

on

Council commits to new Coast convention centre

MONEY from the sale of Sunshine Coast Council land will be reserved to help bring a convention and exhibition centre to the new Maroochydore CBD.

A new facility is expected to cost about $200 million and the council commitment is intended to encourage state and federal contributions.

The commitment was made in a confidential session of the most recent council meeting after a motion moved by Cr Jason O’Pray was successful with seven votes for and three against.

Mayor Mark Jamieson, Cr Tim Dwyer and Cr Peter Cox opposed the motion.

Cr O’Pray could not release details of the yet-to-be-sold property or how much money would be raised but said he thought making the financial commitment, on top of providing the land, was a positive step in achieving a suitable facility.

He said he took advice from council officers in making the plan.

“I had tossed and turned about this for quite some time when I knew we were selling land in Maroochydore,” Cr O’Pray said.

“My main reasoning for quarantining this money was because I’m absolutely certain we will need state and federal backing on this.

“It is really important to me to see the CBD has its own convention centre.”

He said securing a private backer would be “even better” than relying on government funding for the project.

“Council can clearly not afford that (cost) on its own.”

Cr Jamieson was contacted for comment but declined to publicly detail his reasons for opposing the motion, with a council spokesman saying the mayor did not disclose matters discussed in confidential session.

The spokesman said the council would contribute to a convention and exhibition facility by providing the land on which it was developed and in all likelihood, having to cover the ongoing annual maintenance and other costs.

“The ratepayers of many other regions across Queensland have not been required to contribute towards the cost of developing their convention and exhibition centres,” the spokesman said.

“The cost to construct such facilities in many of these locations has been borne by the State Government.”

He said a new functional brief and specifications for a new convention and exhibition centre had been completed.

Consulting firm PG International was engaged by the council in March last year to complete the work.

“The functional brief and specifications will inform the development of a business case and preliminary design, which will be done if and when, funding becomes available.”

A Department of State Development, Manufacturing, Infrastructure and Planning spokesman said the department didn’t currently have any funding allocated for a convention and exhibition centre on the Coast.

However, he said the minister for the department and the former director-general wrote to all local governments on March 12 inviting submissions for the Maturing the Infrastructure Pipeline Program.

He said the grant program was available to all local governments through a competitive process to undertake strategic planning for infrastructure and develop business cases and detailed design.

Submissions close on April 9.

“Sunshine Coast Council could make a submission for potential assistance in developing its business case for this project,” the spokesman said.

Source: www.sunshinecoastdaily.com.au

Continue Reading

Infrastructure

Fast rail a boon for future generations

Published

on

Fast rail a boon for future generations

Sunshine Coast Business Council chairwoman Sandy Zubrinich said the North Coast Connect project, which looks to draw on rail duplication and the CAMCOS corridor, would cater to the bulk of current and future Coast populations.

She said about 65 per cent of the current population of about 170,000 people lived within proximity of the CAMCOS corridor and 85 per cent of the future Coast popualtion growth is to the region’s south, in proximity to the rail corridor.

“Locals will benefit significantly from the increased connectivity,” she said.

The North Coast Connect project has received Federal Government backing by way of a share in $20 million for a business case to be developed.

It was one of just three projects nationally to secure the funding and the Palaszczuk Government has also committed $5 million towards the business case.

Supported by Brisbane, Moreton Bay, Sunshine Coast and Noosa councils, the project is seen by Ms Zubrinich as one perfect for bi-partisan collaboration.

“It is certainly a project that the three tiers of government and the community can get behind and support,” she said.

The business case will be delivered by a consortium of KPMG, Urbis, Stockland and Smec and is expected to take 12-18 months to put together.

The vision is to slash travel times from the Coast to Brisbane down to 45 minutes.

Originally Published: www.sunshinecoastdaily.com.au

Continue Reading

Infrastructure

Sunshine Coast Gets $225m Airport Runway in Tourism Boost

Published

on

Sunshine Coast Gets $225m Airport Runway in Tourism Boost
The Sunshine Coast will open up to more airborne visitors as a result of the construction of a new airport runway, generating demand for more tourism accommodation and services.

Construction and engineering group John Holland has been awarded the $225 million contract to deliver a new and enlarged runway at the Sunshine Coast Airport. The runway is due for completion by Christmas 2020.

Sunshine Coast Mayor Jamieson said that with increased air capacity will come the demand for new hotel accommodation as well as the refurbishment of existing stock.

“The new runway will accommodate larger, more fuel-efficient aircraft and open up direct access for the Sunshine Coast to more Australian cities, international markets in Asia and the Western Pacific and in turn, drive significant economic growth.”

Sunshine Coast Airport runway

The new runway is part of the Airport Expansion Project, and when complete is expected to contribute $4.1 billion to the Sunshine Coast’s economy over the period to 2040 – generating around 2,230 jobs and boosting tourism as well as providing new direct access to the region and access new markets for food and agribusiness sectors.

The expansion is part of a $372 million privatisation deal with Palisade Investment Partners. Palisade took control of Sunshine Coast Airport last year under a 99-year lease with Sunshine Coast Council.

The long-term lease sees Palisade responsible for operating, investing in, and developing the airport, as well as overseeing future expansion of both domestic and international routes available to and from the Sunshine Coast.

Current estimates for the whole project sit at $303 million, including design, environmental offsets and works undertaken to date.

The Australian Government and the Queensland Treasury Corporation have helped to bankroll the expansion project, providing around $181 million in concessional loans which will be repaid from the proceeds that council receives from its commercial partner, Palisade Investment Partners, in 2022.

John Holland Group will take possession of the project site over the next couple of weeks to start preparing the site for the dredging works to commence mid-year.

The project is on track for completion by Christmas 2020.

Originally Published: theurbandeveloper.com

Continue Reading

Make Your Super Work

smsf property investment smsf borrowing

Positive Cashflow Property

duplex designs, dual occupancy homes

Property Investment Advice

investment property calculator successin property

Trending