A rare opportunity to transform the heart of  Canungra has arisen with the listing of a 8.71ha development site in the heart of town that has approval for a neighbourhood shopping centre including a supermarket. 

Canungra Central Development Site has DA approval for a 2,564 sqm Neighbourhood Shopping  Centre consisting of a 2,036 sqm Supermarket and two retail specialty tenancies, with passing  income from existing tenants on Christie Street including Aquis Farm, El Social Café, Voyager Wealth,  Scenic Road, Live Fit Gym, Catherine’s Beauty Room, Canungra Hairdressing and The Butchery. 

As per the Local Centre zoning the large site has the potential (subject to council approval) to include a shopping centre, food and drink outlet, function facility, hardware and trade supplies, health care  services, hotel, showroom, childcare centre, community use and other uses and activities that  integrate and enhance the local centre, including, for example residential use. 

A 100 per cent interest in Canungra Central Development Site is being exclusively offered for sale via  n Expressions of Interest campaign by the Colliers Queensland team of Brendan Hogan, Steven  King and Harry Dever and is located at 2-4, 32, 34-36 & 38 Christie Street and 10-24 Finch Road, Canungra. 

Colliers Queensland Residential Site Sales Director Brendan Hogan said the flexible zoning of this  site provided investors, owner occupiers and developers with a wide array of repositioning and development opportunities. 

“Canungra Central Development Site offers a landmark opportunity poised to transform the heart of  Canungra with a wide array of opportunities under favourable zoning,” Brendan Hogan said. 

“It is a truly unique landholding, providing scale in a market where there is immense scarcity of  development sites. 

“Canungra is a growing community that is experiencing significant residential activity and growth, there are circa 600 residential lots within Canungra either under construction, planned, or in DA  application creating a strong demand for high quality retail offerings that will potentially support about 5,000 residents of the Canungra district.

"There has been a surge of demand for development opportunities; however, this demand has not  been met with supply of stock, this site will be in high demand,” Brendan Hogan added. 

Colliers Director in Charge Gold Coast Steven King said this strategically positioned mixed-use site  was located in the heart of the thriving Canungra community in the Gold Coast Hinterland. 

“Canungra Development Site sits within the retail and commercial precinct primarily positioned  along the arterial road, capturing the high volume of traffic and easy accessibility,” Steven King said.  

“Located only 30 kilometres from the Gold Coast, the site is positioned along arterial Beaudesert  Nerang Road, servicing over 57,500 cars weekly and providing connecting access to the Gold Coast,  Beaudesert, Tamborine, and other inland Southeast Queensland suburbs. 

“The Scenic Rim Region recorded a combined 2.3 million in domestic overnight and day trip visitors in 2020/21 and was recognised by the Lonely Planet’s ‘must visit destinations’ in 2022. 

“The favourable zoning provisions and strategic location make it an ideal investment for developers,  investors, and owner-occupiers looking to capitalize on the area’s strong forecast population growth  and tourism activity,” Steven King added. 

Colliers Retail Middle Markets Associate Director Harry Dever said Canungra was an underserviced retail catchment, with a small IGA the only supermarket in the catchment and the nearest competing  major supermarket over 13 kilometres away. 

“Canungra has become the main service centre for the south-eastern part of the Scenic Rim region,  it serves a growing community, plus military personnel from the nearby Kokoda Barracks. Canungra  is also home to a burgeoning wine industry and state-of-the-art equine facilities,” Harry Dever said 

“The subject property offers a very rare opportunity, as there is an extreme scarcity of retail  development sites and a surge in demand for these sites due to strong population growth. 

“The predominant retail in the area consists of lifestyle retail including cafes, smaller format retail  shops and small convenience retail centres. National brands currently located in Canungra include  Australia Post, IGA, Ampol and BP,” Harry Dever added. 

The opportunity to acquire Canungra Central Development Site is being offered for sale by way of an  Expressions of Interest campaign closing Wednesday, 4th of December 2024 at 2:00pm (AEST).

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