Sugarworld Estate is a master planned mixed use development that has been meticulously planned and progressed by the current owner over the past 15 years. This is one of the leading residential subdivision in the Southern Growth Corridor which has also included the development of the nearby Coles anchored Sugarworld Shopping Centre, Isabella State School, PCYC Edmonton, Walker Road Sporting and Recreation precinct and most recently, the Cairns South Health Facility. The owners of Sugarworld are currently looking to divest themselves of the balance of the Sugarworld Glen and Sugarworld Heights precincts which comprise the following.
Sugarworld Glen
An englobo parcel with approved lot yield of 183 residential sites ranging in size from 465 square metres to 945 square metres with an average lot size of 615 square metres. Inclusive within this provision are seven allotments with Stage 1E that are fully developed and serviced where headworks charges for this and the balance of the development are locked in at considerably less than current rates due to the established approvals. Further, outstanding development requirement in realising the fully approved potential are contained to quite straight forward civil works with all major requirements now seen to.
Sugarworld Heights
Generally west of the Glen precinct and taking in the foothills of the McCallister Ranges, Sugarworld Heights offers a development yield of 36 lots ranging in size from 702 square metres to 3,222 square metres with an average lot size of 1,570 square metres. There is considerable civil construction completed which extends through to service 16 lots that could be readily titled with the payment of headwork charges, again locked in by existing approval at rates well below current charges. The higher reaches of the Sugarworld Heights are very unique opportunities offering large hillside properties which present with all necessary services, driveways and benching and offer something that has not been present in the local market for some time. The extent of the Sugarworld Heights precincts also includes some lower level land which extends through to the completed sections of Sugarworld Heights where all stock has now been sold.
Please contact the agent for a copy of the Information Memorandum.
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Knight Frank Cairns is an independently owned office within the Knight Frank global network, servicing Far North Queensland in all its commercial property requirements.
Knight Frank Cairns has been successfully operating for over 30 years and incorporates three departments into the one office; a vastly experienced Valuation department, a high-level Investment and Facilities Management division, and a Commercial Sales and Leasing department.
Knight Frank Cairns is able to provide a more accurate assessment of the local property market due to the combination of services which it offers, combined with the commitment of a team of highly professional, experienced staff who are supported by state-of-the-art research, technological and administrative resources.
