A landmark former orphanage site in Surrey Hills could be transformed into a new residential community under plans lodged by <a href="https://www.apartments.com.au/developers/antipodean-land-developments">Antipodean Land Developments</a> that would deliver 76 apartments and townhouses while restoring some of the suburb's most significant heritage buildings.

The burgeoninng Melbourne-based developer has submitted plans for the 9,158 sqm site at 1 Kent Road and 24 Durham Road, home to the former St Joseph's Home for Destitute Children, a historic institutional complex dating back to the late 19th century. The proposal seeks to adaptively reuse several heritage buildings while introducing two new four-storey residential buildings set within extensive landscaped grounds.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> and Kerstin Thompson Architects, the project has been conceived as a contemporary residential village embedded within a restored heritage precinct. The development team describes the design approach as "The Village in the Garden," with new buildings positioned among mature landscaping by OCULUS and significant heritage structures.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="44ec8c1b-c0b6-44ae-859e-5811b3e6a023" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%281%29.png?VersionId=p.p1_KFh4iQoV4nisdnPfQBAsWNi7m79" />

The proposal would deliver 76 dwellings comprising a mix of apartments and duplex-style residences, significantly increasing housing supply on one of the largest privately held residential landholdings in Surrey Hills. The development includes 127 car spaces, 24 bicycle spaces and more than 1,000 sqm of communal amenity, with the existing chapel building earmarked for conversion into resident facilities.

According to the planning submission, the project centres on the restoration and adaptive reuse of the site's most significant heritage assets, including the original c.1889 St Joseph's building, the chapel designed by architect Augustus Andrew Fritsch, and the historic brick perimeter walls and entry gates. The proposal also incorporates the retention of other contributory buildings including the former infirmary and school building.

Tract Consultants, in the planning report accompanying the application, said the scheme had been shaped through extensive heritage analysis and design development.

"The shared vision for the Site by the project team has culminated in a scheme which successfully breathes life back into a historic site while delivering upon the objectives of Victoria's Housing Statement in a carefully curated and contextually responsive manner."

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="7263b7d8-95ea-400f-9531-6ca7d22c3c33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%282%29.png?VersionId=4cR1tiWOsDpgxEOwZi5vVFcyvvOsYkIE" />

The proposal is being assessed under Victoria's Significant Residential Development with Affordable Housing pathway. As part of the application, three per cent of the project's residential development cost would be contributed to the Social Housing Growth Fund. The development would also provide a diverse mix of one, two and three-bedroom residences targeting a broader range of buyers than typically found in Surrey Hills' detached housing market.

Sustainability initiatives include an anticipated 66 per cent BESS score, natural cross-ventilation to 80 per cent of apartments, 28 per cent deep soil landscaping and a canopy cover outcome exceeding local planning requirements. The proposal also sets aside more than 1,083 sqm for communal indoor and outdoor resident amenity spaces.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="33fad46f-fe26-4d0a-acfd-6b776e1c6a3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design.png?VersionId=D9F6WVSyYCtGvSUmith35LRp6R7PQkw_" />

Planning documents describe the property as one of the largest underutilised residential sites in Surrey Hills, arguing it presents a rare opportunity to introduce "missing middle" housing in an established inner-eastern suburb while preserving and revitalising a significant heritage precinct.

Antipodean Land Developments has built a reputation for design-focused residential projects across Melbourne, particularly in the medium-density sector. Previous developments include Neighbourhood in Brunswick East, delivered with Breathe Architecture, and Balfe Park Lane, designed by Kerstin Thompson Architects.

They've been very active in site acquisition as they build out their future development pipeline. They recently launched Thornubury House, 45 apartments above a mix of commercial, retail, and food and beverage tenancies, and have plans for a boutique project in Fitzroy and another <a href="https://www.apartments.com.au/news/vic/antipodean-plan-apartments-for-deepdenes-missing-middle-on-whitehorse-road">"missing middle" project</a> on Deepdene's Whitehorse Road.

Joel Robinson

First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills

Developer <a href="https://www.apartments.com.au/developers/auyin-property-development">Auyin</a> is the latest to turn to the Victorian Government's Development Facilitation Program in an effort to secure approval for its long-planned, mixed-use project in Elsternwick.

In 2018, Auyin lodged plans with Glen Eira City Council for a 14-storey building, however Council approved a reduced eight-storey scheme. A subsequent VCAT appeal in 2019 upheld the eight-storey height limit.

The project was later amended to nine storeys, but Auyin is now seeking to revive something closer to its original vision. The developer argues that the planning context has evolved significantly over the past decade, particularly within the Elsternwick Activity Centre, where higher-density development has increasingly been encouraged along Glen Huntly Road.

The proposal would transform the 1,239 sqm site at <a href="https://www.apartments.com.au/new-apartments/7-12-horne-street-elsternwick-vic-3185">7-15 Horne Street</a>, opposite Elsternwick Railway Station, into a 13-storey residential and retail development designed by CBG Architects, with 40 apartments

The site currently comprises three commercial properties.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="5f465dd4-509b-4082-a669-0253b313914b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20podium.png?VersionId=72frWi0SmQ5AVJ3ARRhX5ILUYObhTm7x" />

The proposed apartment mix comprises 25 two-bedroom and 15 three-bedroom residences above 200 sqm of retail space at ground level. Residents would have access to a 90 sqm wellness facility, a 351 sqm communal indoor and outdoor terrace on the third level, and extensive landscaped areas throughout the development. A publicly accessible 135 sqm plaza would be created on the north-east corner of the site, providing seating, landscaping, and a new gathering space adjoining Horne Street.

The design adopts a four-storey podium that references the finer-grain character of the surrounding streetscape, with the upper tower recessed behind generous setbacks on all boundaries.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="e637e763-2abc-4c34-a0aa-5c7ad36fae18" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20open.png?VersionId=J1AoOpZgTyaF.KeeFSX6lMjEScX8KKRi" />

A key element of the proposal is the reconfiguration and widening of the surrounding laneways. Vehicle access would be retained from Lois Lane, with upgraded pedestrian connections linking Ross Street and Horne Street. The development would provide 58 residential car spaces, two retail car spaces, and 52 bicycle spaces across two basement levels and ground-floor facilities.

Architecturally, the building draws inspiration from the established character of Elsternwick Village. The façade combines dark charcoal brickwork, textured concrete, bronze-toned metal detailing, and extensive planting integrated into podium and tower levels. The design also incorporates a chamfered corner treatment and publicly accessible plaza intended to strengthen pedestrian activity around the station precinct.

Elsternwick's last new development completion was&nbsp;EVA Elsternwick by Pitard late last year. <a href="https://www.apartments.com.au/developers/milieu-property">Milieu</a> is working away on its nature-led neighbourhood, <a href="https://www.apartments.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>, on Gordon Street, with its first stage expected to complete next year.

First look: Auyin seeks mixed-use apartment project in growing Elsternwick Activity Centre

<a href="https://www.apartments.com.au/new-apartments/otium-parkdale-123-125-como-parade-east-parkdale-vic-3195">Otium Parkdale</a>, the 13-residence boutique development by&nbsp;<a href="https://www.apartments.com.au/developers/huxtable-property">Huxtable Property</a>, has entered its final stages of delivery, with completion expected within the coming month and more than half of the residences sold.

The Como Parade East project is nearing the finish line at a time when opportunities to purchase new apartments in <a href="https://www.apartments.com.au/developments/parkdale-vic-3195">Parkdale</a> remain exceptionally limited. Fewer than 10 per cent of dwellings in the bayside suburb are apartments, making developments like Otium a relatively rare addition to a market traditionally dominated by detached housing.

[smartcode_project:default project_id=134974 project_image_fid=5427]

The three-level development comprises 13 residences, including ten two-bedroom apartments and three larger three-bedroom homes, all positioned above a secure basement car park.

Designed by <a href="https://www.apartments.com.au/architects/almeida-architects">Almeida Architects</a> with a strong connection to its coastal surroundings, Otium combines red brick, exposed concrete and dark metal detailing with integrated landscaping and greenery. Expansive glazing, generous balconies and terraces have been incorporated throughout the design to maximise natural light and reinforce indoor-outdoor living.

Inside, the residences feature engineered European oak flooring, natural and reconstituted stone benchtops, Bosch kitchen appliances, ducted heating and cooling, lift access and secure entry systems. The larger three-bedroom residences on the upper level have been designed with house-like proportions, while the two-bedroom apartments prioritise functionality, flexibility and low-maintenance living.

[smartcode_project:default project_id=134974 project_image_fid=5421]

The project is now in its final stages, with <a href="https://www.apartments.com.au/builders/labco">Labco</a> completing the remaining landscaping and external finishing works following the completion of the residences' interiors.

Otium's location within the heart of Parkdale continues to underpin its appeal. Residents will be just steps from local cafés, restaurants, shops and the newly elevated Parkdale Station, while the beach is less than a kilometre away.

With the project tracking ahead of schedule, buyers can currently secure a residence with a five per cent deposit and benefit from settlement terms of up to eight months. The advanced stage of construction also provides buyers with the opportunity to walk through the near-complete residences and experience the quality and finishes firsthand ahead of completion.

[smartcode_project_cta:default project_id=134974]

Otium Parkdale enters final month before completion as rare apartment opportunity nears sellout

A new boutique apartment development is entering the market in <a href="https://www.apartments.com.au/developments/chermside-qld-4032">Chermside</a>, with Brisbane-based developer <a href="https://www.apartments.com.au/developers/ausdev">Ausdev</a> bringing 33 residences to a well-connected pocket of Brisbane's north.

<a href="https://www.apartments.com.au/new-apartments/parkdrive-apartments-chermside-25-sammells-drive-chermside-qld-4032">Parkdrive Apartments</a>, at 25 Sammells Drive, will comprise a mix of one- and two-bedroom residences positioned within walking distance of Westfield Chermside, The Prince Charles Hospital, and Bradbury Park.

Established in 1989, Ausdev has a long-standing presence across both development and construction, with Parkdrive Apartments representing its latest residential project in Brisbane's northern suburbs.

[smartcode_project:default project_id=152125 project_image_fid=363778]

The development has been designed around open-plan living and natural light, with residences featuring stone benchtops, timber cabinetry, BOSCH appliances, and private balconies that extend the living areas outdoors.

Kitchens are positioned as the centrepiece of the homes, incorporating natural material palettes and integrated appliances, while bathrooms have been designed with a focus on functionality and understated finishes.

Residents will have access to a communal barbecue and entertaining area on Level 3, providing shared outdoor space within the development. Secure parking and lift access are also incorporated into the building.

The project will deliver a limited collection of 33 apartments, with one-bedroom residences priced from $749,000.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Beyond the building itself, the location places residents within easy reach of several of Chermside's key amenities. Bradbury Park is around 350 metres away, while Westfield Chermside is approximately 1.3 kilometres from the site. The Prince Charles Hospital is located within 750 metres, and the Chermside Bus Interchange is around 1.5 kilometres away, providing connections across Brisbane.

Parkdrive Apartments adds to the growing residential pipeline in Chermside, a suburb that continues to evolve as a major retail, healthcare, and transport hub for Brisbane's north.

[smartcode_project_cta:default project_id=152125]

Ausdev introduces boutique Parkdrive Apartments to Chermside's growing centre

<a href="https://www.apartments.com.au/developers/skymark-group">Skymark</a>'s boutique Cronulla development Solis has secured a 10-year Latent Defects Insurance policy through Resilience Insurance, providing buyers of the 16-residence building on Ewos Parade with structural and waterproofing protection that extends a decade beyond the building's completion.

Currently under construction and due for completion in late 2027, <a href="https://www.apartments.com.au/new-apartments/solis-cronulla-8-ewos-parade-cronulla-nsw-2230">Solis</a> is one of a small number of new developments in the Sutherland Shire to carry Resilience LDI coverage, a distinction that carries increasing weight as buyer confidence in the off-the-plan sector continues to be shaped by how developers stand behind their product.

Latent Defects Insurance, which entered the Australian market in 2022 when Resilience Insurance was approved to offer the cover, protects buyers against major structural or waterproofing defects for ten years post-completion. Unlike traditional statutory warranties, it operates as a first-resort policy, if a covered defect arises, the insurer responds directly, without the buyer needing to pursue the builder or developer through a lengthy claims process.

Resilience Insurance CEO Corey Nugent has noted that the product addresses something fundamental to the new apartment market.

"The overarching feedback from prospective buyers in the new development space is that they want more confidence and assurances around the quality of the build," Nugent says.

"Resilience Insurance Latent Defects Insurance not only gives them complete peace of mind for 10 years, but it shows the developer they are buying from is standing by their product."

[smartcode_project:default project_id=150499 project_image_fid=370898]

For Solis, the Resilience LDI policy adds a meaningful layer of accountability to an already considered project. The development comprises nine two-bedroom and seven three-bedroom residences, including one dual-level three-bedroom apartment, across a five-storey building on Ewos Parade, positioned between Shelly Beach and South Cronulla.

Garden apartments connect directly to private landscaped courtyards, while upper-level homes capture beach views to the east from level four and above.&nbsp;

All 16 residences include at least one balcony or courtyard, and select apartments on the upper floors feature bar areas and secondary flexible living spaces.

Hiba Sander, Managing Director of Skymark, says Solis offers a rare balance, nestled between the quiet beauty of secluded beaches and the lively charm of South Cronulla's esplanade.

"It's a place to choose your pace and live gracefully, seaside'," Sander says.

[smartcode_project:default project_id=150499 project_image_fid=370900]

The architecture, designed by <a href="https://www.apartments.com.au/architects/ida-design-group">IDA Design Group</a>'s Michael Trinh, draws from the natural erosion patterns of <a href="https://www.apartments.com.au/developments/cronulla-nsw-2230">Cronulla</a>'s sandstone headlands, translating the organic forms of the coastline into soft curves, pavilion-style massing, and a material palette chosen for longevity in a salt-tinged environment.&nbsp;

Textured natural stone, soft renders, and timber-look battens reference the tones of the surrounding cliffs, while the building has been oriented to maximise natural light and passive ventilation, with primary living spaces facing north and east to capture morning sun and sea breezes.

"At Solis, our aim was to create architecture that feels quietly confident, grounded in natural materials like stone and timber, and elevated by light and landscape," Trinh says.&nbsp;

"The buildings are designed to sit gently within their coastal surrounds, with expansive glazing and abundant greenery creating a seamless dialogue between inside and out."

[smartcode_project:default project_id=150499 project_image_fid=370897]

Interiors by <a href="https://www.apartments.com.au/architects/hot-black">Hot Black</a> carry the same material language through to every room. Kitchens feature integrated Gaggenau appliances, sculpted stone benchtops, and Lo &amp; Co joinery, while bathrooms feature natural stone, timber, and brushed metal finishes.&nbsp;

Hot Black Founder and Design Director Sophie Safrin describes the intent as one of considered restraint: "At Solis, every detail has been thoughtfully considered to create a timeless coastal retreat, calm, refined, and effortlessly liveable. From natural finishes to seamless indoor-outdoor flow, Solis offers a quiet elegance that's deeply connected to its surroundings.

The landscape, designed by Julian Brady of <a href="https://www.apartments.com.au/landscape-architect/sitedesignstudios">Site Design Studios</a>, treats green space as an integral part of the resident experience rather than an afterthought.&nbsp;

"Gentle curves and layered native plantings mirror the ebb and flow of the ocean," Julian Brady says, "creating a serene connection between architecture and place."&nbsp;

Coco Republic has provided bespoke furniture packages tailored to the project's coastal palette.

[smartcode_project:default project_id=150499 project_image_fid=370899]

Skymark has an established track record in the Sutherland Shire, with a portfolio spanning Cronulla, Woolooware and Burraneer that includes Isla, Sylva, Bask, Shells, Sula and Mist. Securing LDI on Solis reflects a broader shift in how the developer is positioning its buildings to buyers, at a time when Resilience Insurance expects the policy to become mandatory in New South Wales by 2028.

Sales at Solis are launching soon through Ray White Projects, with an official event scheduled for 11 June. Enquire for more information.

[smartcode_project_cta:default project_id=150499]

Skymark takes out 10-year Resilience Insurance LDI at Solis Cronulla

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The well-known Sunshine Coast Humzy family hopes to sell its major resort and land property near Maroochydore for about $10 million.
The Maroochy Waterfront Resort at Diddillibah has a popular 64-room motel set beside a natural forest reserve and lagoon. 
There are 20 holiday cottages, 23 relocatable homes, a freehold lagoon and 33 hectares of land with has development approval for residential development and integrated tourism.
Allen Humzy built the resort in the early 1980s for budget holidays and his son Phil currently runs the resort.
The resort attracts families, sporting groups and school camps and offers an income producing business to operate while developing the residential land.
Agent Andrew Jackson from CBRE is calling for offers in collaboration with Rob from Elite Lifestyle Properties and Peter Ward of Ward Commercial.
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Diddillibah, Sunshine Coast motel offering

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Quest Serviced Apartments has opened its newest operation at Berrimah in Darwin’s eastern suburbs.
The Quest Berrimah at 4 Berrimah Rd has 88 studio apartments and one bedroom serviced units. It was developed by PTM Group, the same developer that partnered with the company for the Quest Parap.
Quest chief executive Zed Sanjana says the Northern Territory is an important part of Quest’s growth strategy given the unprecedented level of economic activity there.
“Employment opportunities are expected to continue increasing, with Deloitte Access Economics forecasting an additional 16 000 jobs in the territory between 2012 and 2017; an average annual increase of 2.5%,” says Mr Sanjan
Prices start at $193 a night. The Quest Berrimah franchisees are Mark Lisiecki, and Richard and Trisha Hartshorn.
The new operation is one of ten new Quest properties to open this financial year including operations at Melbourne Airport, Townsville, Newcastle West, Toowoomba plus the recently opened apartments in King William South and Woolloongabba.
 
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Quest opens Berrimah, Darwin serviced apartments

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Leighton's Perisher ski lodge, Barrakee, has been listed for sale at $1.85 million.
Situated in North Perisher close to the North Perisher T-bar and Interceptor Chair Lift, the ski lodge comes with a 50 bed licence.
There are 25 guest rooms plus staff accommodation.
There is a<a href="https://www.fsre.com.au/property-details.php?propid=330&amp;print=1&amp;iframe=true&amp;width=750&amp;height=470" target="_blank" style="line-height: 1.3em;"> licensed 34 seat dining room</a>, plus lounge with fire place and bar facilities.
It has been listed through Forbes Stynes Real Estate by the construction giant, which is offloading all its non-core assets.
It had tried unsuccessfully to sell Barrakee in 1989, when the leasehold property had 44 years to run before it expired.
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Barrakee, Leighton's Perisher ski lodge, listed

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The Kingswood Golf Course sale price to ISPT, the unlisted Melbourne property fund manager, has been put at $125 million.
The club announced the sale earlier this month, but without details of the price.
The sale follows the club's merger with Peninsula Country Golf Club. 
Fairfax Media report a member has initiated Supreme Court proceedings to unwind the merger.
ISPT has other residential developments including a 47.8-hectare site in Cranbourne South.
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ISPT outlays $125 million for Kingswood Golf Course

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The unlisted property fund manager ISPT has bought the Kingswood Golf Course site in Dingley Village. 
The 53 hectare site was sold following the merger of the Kingswood and Peninsula golf clubs last year.
The site was sold without zoning approval for residential use, with the potential for 700 plus homes.
Mirvac, Cedar Woods and WA-based Satterley Property Group had been pinpointed as short-listed prospects to develop the site in Melbourne’s south-east.
The Australian Financial Review put its likely sale price as around $100 million.
The sale is being handled by Ernst &amp; Young.
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Kingswood Golf Course sold to unlisted property fund manager

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Fear not, today is not the last chance to buy La Forêt Enchantee, the Margaret River, Western Australia property.
<a href="https://www.realestate.com.au/property-house-wa-margaret+river-117093403" target="_blank">The property has been marketed</a> as an exquisite 3.5 hectare forested estate, boasting Margaret River frontage complete with private helipad.
Established in 1995 behind heritage French iron gates, La Forêt Enchantee is an award winning accommodation location comprising two villas and a manager's residence at Burnside.
Channel 9's travel show <a href="https://getaway.ninemsn.com.au/fsaustraliawa/southcoast/16879/la-foret-enchantee" target="_blank">Getaway featured it in 2000</a> and again in <a href="https://au.news.yahoo.com/thewest/entertainment/a/7685667/foodies-feast-on-our-delights/" target="_blank">2010</a>. 
Its entrance comes with Arc de Triomphe detailed in Venetian stucco. But that's not all as beyond this there's an Italianate balustrade staircase that sweeps through the forest, descending down into the river garden alongside bronze lions, replica statues from the Trevi Fountain in Italy, topiary and urns.
Even looks like there's a unicorn, though maybe it's a white horse.
"This prestigious property provides a lucrative opportunity for those seeking to operate a well-established accommodation brand either as a lifestyle business or as a larger, more commercial concern," the marketing by Travis Coleman at Acton Consolidated North Real Estate says.
"The gardens inspire an enchanting landscape for romantic engagements and fairy tale weddings as well as absolute peace and privacy for the discerning client in search of a secluded and extremely well located, residential address."
But be aware:
"This rare and highly coveted address is listed for sale by expressions of interest for a limited period and will be withdrawn from the market on 31 July 2014."
Well not quite, as the ad now says:
"This rare and highly coveted address is listed for sale by expressions of interest for a limited period and will be withdrawn from the market on 31 August 2014."
Fee Menzies Stirton and Michael Whyte<a href="https://laforetenchantee.com.au" target="_blank"> have been there since 1991</a>.
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La Forêt Enchantee, the Margaret River, Western Australia retreat offering remains on the market

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Investa Land has exchanged contracts for their Central Coast Kooindah Waters Residential Golf and Spa Resort to ensure the company's focus remains on residential and industrial property.
Harman Global Holdings are the buyers of the 18 hole golf course, 108 room Mercure resort and remaining residential lots, in an off market transaction.
<img src="/images/2014/07/28/kooindah-july-28-breakout.jpg" alt="">
Investa Land chief executive officer Cameron Holt said that this is a strategic sale for the business.
“Investa Land acquired Kooindah Waters as part of a broader portfolio. The golf course and resort elements of this project are not core assets and are not consistent with our business model,” said Holt. They had bought the 95 hectare site in Wyong as part of its acquisition of Clarendon Property Group in 2005.
It includes a purpose built day spa, six conference rooms, restaurant, bar, 25 metre indoor lap pool, outdoor pool, tennis courts, gym and spa.
“The divestment will enable the company to focus on the delivery of sustainable residential and industrial development projects,” he said.
He noted that they were not intending to sell the residential component of the resort, however Harman wanted the remaining land in addition to the assets they were selling.
Investa Land will continue to be involved in the operations of the resort until an expected November 2014 settlement, and Harman has noted that Accor and Troon Golf will continue to manage the property after this time.
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Investa Land sells golf and spa resort to focus on residential and industrial

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In what is potentially many an investors' childhood dream, a Dunsborough theme park investment freehold property opportunity has hit the market.
A high level of interest expected, according to exclusive sales agents CBRE’s Ryan McGinnity and David Kennedy, who note that it is offered with a long-term lease.
The Xscape at the Cape Fun Park is on Caves Road, and includes an 18-hole mini golf cause, water slides, a Mine Shaft Maze and an ice-creamery.
Owner and operator, Douglas Campbell, is selling the property to further invest in his growing theme park business – also being the operator of Mirrabooka’s Action Park and Hillary Boat Harbour’s The Greast Escape.
“Xscape at the Cape is outstanding opportunity for those looking for a long term secure investment,” McGinnity said.
“Mr Campbell’s experience in the theme park sector, and his willingness to take a long term lease of the property, means the investment is secured by one of Australia’s best operators.”
The site also includes a kids train, a Jump N Tramp, the bouncy castle Tiki Island and state of the art playground Jungle Mountain.
The site is being offered by private treaty.
“Set on over a hectare of land, this property represents an outstanding investment opportunity, with a net rental of $160,000 per annum and initial 15-year lease with two 10 year options,” said Kennedy.
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Western Australia theme park up for sale, with long-term lease

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Mirvac, Cedar Woods and WA-based Satterley Property Group have been pinpointed as short-listed prospects to develop the Kingswood Golf Course site in Dingley Village in Melbourne’s south-east.
The 53.4-hectare site <a href="/expert-insights/investing/mirvac-keen-to-buy-dingleys-kingswood-golf-course">has a capacity for about 700 dwellings</a>.
The Australian Financial Review puts its likely sale price as close to $100 million.
The sale is being handled by Ernst &amp; Young.
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Kingswood Golf Course sale edges closer to the pin

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A new Sydney to Hamilton Island flight service coincides with the launch of a brand new Whitsundays luxury resort.
Tourist spending in the Whitsundays increased to $706 million last year, up 14%. Acting Minister for Tourism Tracy Davis is optimistic about the future of the region, with the new Qantas flights and the newly launched One&amp;Only Hayman Island resort.
“Qantas’ decision to commence two return weekly services between Sydney and Hamilton Island will open the skies to more than 10,000 additional visitors a year,” said Davis.
“Both Qantas and resort operator One&amp;Only clearly believe the future’s bright for tourism in Queensland and I certainly agree with them.
“The Queensland government’s 20-year plan for tourism, Destination Success, outlines the need to deliver quality experiences that delight customers – and that’s exactly what’s happening today in the Whitsundays.
“We have a strong plan for a brighter future and we’re working hard to achieve our goal of doubling annual overnight visitor expenditure to $30 billion by 2020.”
Vistors to the Whitsunday increased 7% last year, to 687,000, according to local Member Jason Costigan.
“This is the beginning of an exciting new tourism era for a place that I call Paradise with increased access into the region and the opening of the new luxury One&amp;Only resort,” Costigan said.
“My electorate warmly welcomes visitors to our magnificent backyard and the support they will give to local businesses,” he said.
Lyell Strambi, chief executive of Qantas Domestic, said the flights now allow passengers from Sydney to enjoy “direct access to one of the country’s most iconic holiday destinations.”
“Our new service also gives these customers a premium aviation product to complement Jetstar’s existing flights as part of our two-brand strategy,” said Lyell.
Hayman Island is owned by Mulpha Australia, who invested $80 million into the private island resort, and managed by Kerzner International. This is the first Asia Pacific venture for One&amp;Only, which has resorts in Mexico, Dubai, South Africa, the Bahamas, Mauritius and the Maldives.
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