Henzell acquire Sunshine Coast's Suncourt Motel, plans mixed-use Caloundra development
The longstanding Sunshine Coast developer Henzell Property Group is set to create a mixed-use development in Caloundra, which they say will be one of the most exciting launches the Sunshine Coast will see in 2021.
Henzell, who have been reshaping the Sunshine Coast over the last four decades, have acquired the Suncourt Motel, set on a prized, mostly vacant, 6,175 sqm site at the entry to Caloundra.
Henzell will develop high-end retail and dining at street level, with modern apartments dedicated to owner-occupiers above.
The 135 Bulcock Street site, also with a street frontage to Omrah Avenue, was a unique opportunity to create a new entry statement for central Caloundra, Henzell Property Group sales director Marcus Muir says.
“We have had our eye on this property for some time, so what we have planned has been carefully considered," Muir says.
"We feel this site, with the correct product mix, will be one of the most exciting launches that the Sunshine Coast will see in 2021.
“This development will combine luxurious residences offering exceptional views within an entertainment precinct that will attract high end lifestyle operators locally and from across Queensland.
“We have already commenced discussions with a number of dining and retail operators and there are many more who have yet to move to the Coast as they have been waiting for the perfect location.”
Marcus Muir, left, with Henzell director McLean Henzell. Image supplied
Henzell Property Group plans to deliver the project in two stages, with the design taking advantage of the two-street frontage by creating an activated laneway for vehicle and pedestrian access between Bulcock Street and Omrah Avenue providing a new sidewalk boulevard restaurant precinct.
“This will become an iconic Sunshine Coast location for residents and visitors alike providing a new streetscape that connects Bicentennial Park, north of Omrah Avenue, and south to the beachfront,” Muir said.
“The location offers everything that residents could want in a Sunshine Coast lifestyle with an easy stroll to some of Caloundra’s best beaches and shopping with Bulcock Street right at your doorstep.
“When combined with luxurious apartments offering generous floor plans and either northern orientation or sprawling ocean views, this is exactly what the market is looking for in a coastal residence.”
The first stage of the development will comprise a boutique collection of 39 apartments over 10 levels that will boast some of the best view’s that Caloundra has to offer.
Preliminary works have already begun at this stage ahead of Henzell Property Group releasing apartments to the market.
“We have chosen to release the most boutique offering to the market first to cater for exceptional demand for luxury residences by owner-occupiers,” Muir said.
“Stage one will comprise a collection of two and three-bedroom residences along with a penthouse collection, resort style pool and tranquil pool side areas.”
Henzell Property Group has been buoyed by the success of its latest development at Pelican Waters, with a sell-out of an exclusive release of luxury residences in the first stage of the $200 million precinct known as The Cove.
All 15 homes in the Terrace Collection were snapped up for a total of $12 million, highlighting the appeal of high-end residences among-end users on the Sunshine Coast.
“Buyers in this segment of the market are typically looking for a relaxed lifestyle close to the water and within easy reach of retail, dining and entertainment facilities,” Muir added.
“With this iconic new development, we are planning to add a new level of sophistication to the natural appeal that attracts so many people to the Caloundra lifestyle.”