A large 7,502sq m development site in Rockhampton, in Central Queensland, is hitting the market for the first time since 2007.
Owned by Queensland golfer Adam Scott, the site at 42-48 Victoria Parade is situated on the banks of the Fitzroy River, on the fringe of Rockhampton’s CBD district.
It represents one of the few remaining vacant parcels in Rockhampton CBD with river frontage.
Located between the expanding apartment and hotel developments precinct, the site is being marketed for sale via an Offers to Purchase campaign run by Knight Frank’s Head of Rockhampton’s Pat O’Driscoll.
”It is a landmark site and the largest available in the Rockhampton CBD with river frontage,” he said. “The two-street frontage to Victoria Parade and Bolsover Street is an enormous advantage.
“As the city continues to flourish these sites will continue to rise in demand.
“The Rockhampton region is experiencing significant expansion and investment, with a growing number of key priority projects in the pipeline.”
With frontage to both Victoria Parade and Bolsover Street the site has been supported by Rockhampton Regional Council as one of the most dominant development opportunities in the city.
Paul Watson of architectural firm Buchan in Brisbane has been instructed by Adam Scott’s company to provide schematics for the highest and best use for the site.
The Buchan scheme provides for a 25-storey mixed-use development of hotel and apartments with a possible conference and retail mix on the lower levels.
Mr Watson said: “This is an important gateway site with an unrivalled opportunity to create a destination precinct in Rockhampton that enhances the ongoing evolution of the riverfront experience and support the growing demands in the city for quality short term and owner occupier accommodation.”
The Offers to Purchase campaign for the site at 42-48 Victoria Parade in Rockhampton closes at 12pm on May 17.