Coolum

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<p>The builder and consultancy firm to develop Illoura Coolum, a $35 million oceanfront apartment project in Sunshine Coast, have been announced.</p>
<p>Queensland developer Coolum Terrace Holdings has named RCQ Construction builder for the 37-apartment project, while Sunshine Coast’s KHA Project Management will manage the project.</p>
<p>Illoura Coolum comprises two buildings comprising one, two and three-bedroom apartments and penthouses ranging in size from 140 sqm to 563 sqm. Prices range from $375,000 to $1.5 million.</p>
<p>Spokeswoman Elisabeth Pernod for Coolum Terrace Holdings, which developed the project, said the appointment of RCQ Construction was an important milestone. </p>
<p>“We expect construction to start in the next three months, with a build time of approximately 12 months,’’ she said.</p>
<p>Apart from beach views for nearly all apartments, other features include individual fully-ducted air conditioning, full height two-pac kitchens, stone benchtops, bedrooms. Amenities include direct access to Coolum Esplanade, spaces for barbecue and relaxation pavilion.</p>
<p>The architects for the project are Blackburne Jackson Design.</p>
<p> Property Observer had previously reported that <a href="/expert-insights/buying/56404-coolum-terrace-holdings-reaches-10m-in-sales-for-luxury-beach-project" target="_blank">30 percent of apartments</a> have already been sold. </p>
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RCQ Construction to build luxury oceanfront apartments on Sunshine Coast

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<p>Queensland developer Coolum Terrace Holdings has sold 30 percent of apartments in its $35 million development Illoura.</p>
<p>Illoura <span id="0.5210597207769752" class="highlight">Coolum</span> features 37 apartments and three penthouses <span id="0.12404476664960384" class="highlight">in</span> two boutique buildings with subtropical landscaping, lagoon style heated pool, spa and sundeck.</p>
<p>Since opening some 11 out of 37 units have either been sold or are under contract, totalling $10 million.</p>
<p>Construction is expected to start on Illoura <span id="0.06703354581259191" class="highlight">Coolum</span> within three months. </p>
<p>Prices in the residential development range from $375,000 to $1.5 million.</p>
<p>Features <span id="0.44311111350543797" class="highlight">in</span>clude elevated <span id="0.9258991186507046" class="highlight">beach</span> views from nearly all apartments, 2.7m ceilings, extensive glazing to maximise natural light and ventilation and balconies with full-height stacking glass doors.</p>
<p>For more information, <a href="https://illouracoolum.com.au/" target="_blank">click here</a>.</p>
<div id="LPBorder_GT_14700983925740.7996144165013581"> </div>
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Coolum Terrace Holdings reaches $10m in sales for luxury beach project

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<p>Sekisui House have secured approvals for Westin Coolum, the first five-star resort developed on the Sunshine Coast in more than three decades.</p>
<p>The Sunshine Coast Council has signed off on the seven-storey Westin Coolum Spa and Resort after alterations to the Yaroomba Beach proposal.</p>
<p>The 220-room Westin hotel, along with the larger resort comprising 148 serviced apartments, 753 residential apartments, 98 two- to three-storey homes and a 2,770sq m retail village will be on a .the 19-hectare site.</p>
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<source srcset="https://media.theurbandeveloper.com/assets/images/73aa6f53-e8d4-496e-8fb5-b972359f3920/73aa6f53-e8d4-496e-8fb5-b972359f3920-960.webp" sizes="(min-width: 721px) 960px" type="image/webp"></source><div>Architecture firm Hassell was appointed to undertake <a href="https://www.yaroombabeach.com.au" target="_blank">the masterplan</a> (pictured below) with the first stage delivering the hotel and the public components.</div>
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<div><img src="https://www.urban.com.au/images/2018/6/27/Westin%20Coolum%20Hotel%203.JPG" alt=""></div>
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<div>The 6-star Green Star rating project comes with a 2021 likely completion.</div>
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<div>“We’re honored to be working with Starwood Hotels &amp; Resorts to bring the Westin brand and its unique approach to well-being to Australia’s Sunshine Coast,” said Toru Abe, CEO &amp; Managing Director, Sekisui House Australia.</div>
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<div>“Our vision is to provide visitors to this popular family holiday destination with a relaxing, five-star wellness retreat and the Westin brand is an ideal fit for both the location and the development.”</div>
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<div><img src="https://www.urban.com.au/images/2018/6/27/Westin%20Coolum%20Hotel%202.JPG" alt=""></div>
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<br>The Westin Coolum Resort &amp; Spa will be a five minute drive north of the Sunshine Coast Airport, which offers direct flights to and from Sydney, Melbourne and Auckland, and which has just received State government approval for the addition of a new international runway to be completed by 2020.</div>
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Sekisui secure approvals for Westin Coolum

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<p>A new Coolum Beach apartment development is targeting the luxury end of the market.</p>
<p>Latitude Coolum Beach from HMR Projects <a href="https://www.latitudecoolum.com.au/" target="_blank">offers seven apartments, including one penthouse</a>.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/19/coolum%20beach%20.jpg" alt=""></p>
<p>The 809 square metre Beach Road lot is close to the main beach and Coolum Esplanade.</p>
<p>HMR Projects Director Ken Reed said he expects strong interest in the apartments.</p>
<p>“Our recent developments in Buderim, including Sage Landing and Elevate on Buderim, have shown positive demand for high quality new homes right in the centre of a vibrant and social precinct and Latitude Coolum Beach offers both an outstanding location and the premium finishes our buyers have become accustomed to,” Reed said.</p>
<p>“This is our first development in Coolum for quite some time and we are excited to launch a quality product in the heart of a fantastic beachside locale. </p>
<p>“Coolum is all about lifestyle and we feel confident Latitude will perfectly embrace and enhance all the beachside township has to offer.</p>
<p>“The apartments will be spacious ranging from 177 square metres to 247 square metres and are designed for comfort and convenience with many taking in the spectacular views to the beach and rolling surf. </p>
<p>“Latitude Coolum Beach really epitomises what people love about the coast — both the locals and those looking to make a sea change.”  </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/19/Latitude%20Coolum%20Beach_EXT_Unit7_Terrace%20ext-2.jpg" alt=""></p>
<p>North Shore Realty’s selling agent Ben Thomson said sales had been strong in the Coolum area, particularly from downsizers.</p>
<p>“There is very limited stock in the luxury apartment market in the Coolum area, with 99 per cent of off-the-plan sales in Coolum selling out prior to construction commencing,” Mr Thomson said. </p>
<p>“Coolum Beach is a sought-after destination for both residential purchase and tourism investment and we have enjoyed a strengthening property market in 2018.</p>
<p>“We feel really confident that this is the right type of development for the area, so expect demand will be high both from those wanting to stay in Coolum and those moving into the area.</p>
<p>“Working with HMR Projects has been really rewarding as the team is focused on delivering quality over quantity and their commitment to building high-end, luxury product is clearly evident in the build of Sage Landing in Buderim which is currently underway.</p>
<p>“The Reed family has long had a reputation for delivering quality developments across the Coast and beyond and it’s great having a developer of this calibre turn their attention to Coolum.   </p>
<p>“Coolum’s proximity to Noosa and some of the coast’s finest restaurants as well as its fabulous beaches, boardwalk and surf culture are appealing to downsizers and professional couples who want spacious living without the day-to-day maintenance of a freestanding home.”</p>
<p>The apartments are priced from $869,000.</p>
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Latitude launches in Coolum Beach targeting luxury downsizers 

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<p>A Sunshine Coast investor, who was familiar with the Coolum commercial market, has snapped an industrial warehouse for $245,000.</p>
<p>The property at <a id="LPlnk154374" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLe+gWUrddmiCFEoTVfSuCLXq+FkE4p1rusvbe7meTHQf0FT1KP5siqkiZ3XYT4UQ6hYdTssQlpCNsY8mJKNBQQzjGzAAeLTRh3pvkzNnsVVmBjRBbxhrwglxTwOImA4bMFb+I4gG26KBMVjOjPsJh8sw==&amp;rh=ff0048223b214747420b0ac7ba40be363f116da1" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">13/25 Quanda Road, Coolum Beach</a> came with a 113 square metre building area, was part of a strata tilted slab block of 19 units with easy access to the Bruce Highway and Sunshine Coast Motorway.</p>
<p>The asset was marketed and sold by Ray White Commercial Noosa and Sunshine Coast North Property Consultant Tracey Ryan.</p>
<p>Ryan said the team had worked on the original development of the unit complex, selling 14 of the original 19, in the first offering.</p>
<p>“The unit featured retail style shop fronts on two sides, allowing two-street access and flow-through from two sides,” she said.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/7/RWC%20Quanda25_13%209.jpg" alt=""></p>
<p>The Quanda Road development is at the gateway to the Coolum Industrial Estate and has always sold and leased well.</p>
<p>“Unit 13 was a resale for a previous investor,” Ryan said.</p>
<p>“The property had been continuously let for the previous eight years, with some improvements being made in that time, including an open mezzanine office.</p>
<p>“The seller was divesting to consolidate his Brisbane-based investments and the new owner had a prospective tenant secured for post-purchase.</p>
<p>“The price reflected the range for sales rates in the area. The Coolum Beach small industrial unit market continues to be buoyant, with more than 70 units sold in the past two years.”</p>
<p> <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/7/RWC%20Quanda25_13.jpg" alt=""></p>
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Coolum industrial warehouse sells for $245,000

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<p>A fully-tenanted standalone Coolum commercial asset has sold for $1.1 million.</p>
<p>Ray White Commercial Noosa and Sunshine Coast North Property Consultant Tracey Ryan, held the listing for the building.</p>
<p>Situated at 12 Williams Street, the purchaser was a local investor.</p>
<p><img src="https://f.datasrvr.com/f1/419/45945/Coolum_22.JPG"></p>
<p>The property, which comes with a 358 sqm building area and 620 sqm site area, is currently occupied by Coolum Wellness Hub, Rory Williamson School of Dance and Evolve Fitness.</p>
<p>Ms Ryan said the exceptional standalone building was in the heart of Coolum Beach’s retail professional services area and was opposite the proposed new 43-townhouse Allura development.</p>
<p>“The asset was originally purpose-built for an owner-occupier and comes as two-levels, with off-street parking and a goods lift, with the possibility of being converted to passenger,” she said.</p>
<p>“The three offices include air-conditioning and individual amenities. The level one spaces could be reconfigured to suit a variety of businesses, including medical, if the lift was converted."<br><br>“All businesses are long-standing, were sold with 3+3-year leases in place, and delivers $71,000* net return p.a."<br><br>“The long-term owner was looking to liquidate the asset and relocate to Brisbane. The local investor was looking for a standalone with strong leases in place and an upside,” Ms Ryan concluded.</p>
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Fully tenanted Coolum commercial building sold for $1.1 million

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<p>Professional surfer Julian Wilson and wife Ashley have moved to Coolum, where Julian grew up.</p>
<p>Having sold their Peregian Beach home for $4.15 million, the couple have moved to Coolum, paying $1.08 million for a five bedroom, architect designed home on 640 square metres.</p>
<p>The north facing home features an open plan living kitchen and dining which opens to an alfresco area and salt water swimming pool in landscaped gardens.</p>
<p>PRD Nationwide Coolum Beach agent Greg Glover sold the home.</p>
<p>Late last year the couple sold their award winning Peregian Beach home.</p>
<p>Wilson paid $3,325,000 for the Tim Ditchfield-designed home with external zinc cladding and concrete and timber features in 2015.</p>
<p>In 2009 it was awarded House of the Year and received a Regional Commendation by the Australian Institute of Architects. </p>
<p><em>This article was first published in the</em> Weekend Australian. </p>
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