Park Ave Group unveils $22.5m sub-division project in Sippy Downs


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Chancellor Park, Sippy Downs

Park Avenue Group has announced the launch of a $22.5 million large-lot subdivision project in the growth hub of Sippy Downs as new independent research highlights an economic upswing for the Sunshine Coast.

Offering residential mixed-use development potential, Knowledge Hill spans more than 4.65 ha and will include a combination of residential and some commercial sites upon completion.

“Knowledge Hill is a fresh new subdivision of 6 large lots representing an exciting development and investment opportunity in the heart of one of South East Queensland’s most exciting growth areas,’’ said Lorna Willis of Park Avenue Group.

The project comprises of a three zonings allowing for building heights of eight, six and four storeys.

“The potential to further sub-divide any of the lots on sale gives the purchaser the opportunity to further develop to suit their own specific needs. The different height allowances provides scope for a multitude of desirable outcomes,’’ Ms Willis said. 

Construction is expected to start in April 2016 with an estimated completion of November 2015, paving the way for a wave of new development for the region.

Located within the new Sippy Downs Town Centre precinct, Knowledge Hill, is strategically positioned minutes from the University of the Sunshine Coast, Siena Catholic College and Chancellor State College; Chancellor Park Market Place and proposed major supermarkets and tavern.

Just an hour north of Brisbane by road, it is also just a stone’s throw from the new Sunshine Coast University Hospital development which is nearing completion and generating thousands of full time jobs; an easy drive to the Sunshine Coast Airport which has been approved for a major expansion and close to the proposed Sunshine Coast Entertainment, Convention and Exhibition Centre.

The launch of Knowledge Hill coincides with the release of an encouraging independent economic snapshot of the region compiled by the University of the Sunshine Coast.

The 2015 commentary on the Greater Sunshine Coast economy says key indicators for the region are positive in almost all major economic sectors, suggesting an upswing in economic conditions.

Increased tourism numbers, expanding health and education sectors and major infrastructure spending were amongst the factors driving optimism, the report said.

“The forecast is extremely encouraging with the local economy set to triple to $33 billion, the creation of 100,000 new jobs in high end industries and household incomes exceeding the Queensland average,’’ Ms Willis said.

“Our new Sippy Downs project is perfectly placed to offer a range of benefits to future residents, commercial operators and investors,’’ she said.

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