Fraser Coast Council has approved the development of an 18-Storey Sheraton Resort. Sheraton Hotels and Resorts, part of the Marriott International Group, will operate the 223-room, five-star hotel at a cost of $445 million. This Sheraton will be the largest and most luxurious new hotel between Brisbane and Cairns.
It would be only the fifth Sheraton location in Australia, joining the Sheraton Grand Mirage Resorts at the Gold Coast and Port Douglas, the Sheraton Grand Sydney Hyde Park and the Sheraton Melbourne Hotel.
FRASER COAST MASTER PLAN
The new master plan for the city, which is part of the Hinkler Regional Deal, aims to revitalise the city centre by promoting urban renewal with mixed-use developments, enhancing transport infrastructure, expanding green spaces, and developing new community facilities.
It focuses on attracting businesses and investors, supporting local entrepreneurs, and boosting tourism by improving infrastructure. The plan also emphasises sustainable development and the integration of smart city technologies to improve urban management and services, ultimately creating a vibrant, resilient, and sustainable urban environment.
Investing in Fraser Coast property is promising due to upcoming major developments boosting tourism, local economy, and supporting sustainable urban renewal.
House & Land: 4 / 2 /2
House: 202.1 m2: $438,622
Land: 650 m2: $299,000
Est. rent: $630 – $660 p/w
Est. land registration: August 2024
The floor plan, furniture and fixtures, measurements, and dimensions are approximate and are for illustrative purposes only.
Contact us today so we can start Building Your Dreams.
Calla Property Investment Specialists:
+61 407 465 850 | +61 482 080 189