North Shore life at­tracts the buy­ers

Townsville Bulletin - - Investor - by Martin Rasini martin. rasini@ townsville­bul­letin. com. au

LISTED com­pany Stock­land ex­pects land sales at its mas­ter­planned North Shore com­mu­nity to pick up a notch fol­low­ing the open­ing of its shop­ping cen­tre.

North Shore pro­ject di­rec­tor Ben Simp­son said yes­ter­day when the es­tate was first launched in 2008, the com­pany ex­pected to sell about 200 home­sites a year and that fig­ure had now been re­vised up­wards to around 350 a year.

‘‘ We ex­pected sales to grow steadily as the com­mu­nity took shape and for fa­cil­i­ties to be a cat­a­lyst for ex­panded sales,’’ he said.

The 5 6 0 0 s q m s hop­ping cen­tre, the first stage of what ul­ti­mately will be­come a re­gional shop­ping cen­tre, was of­fi­cially opened by Mayor Les Tyrell yes­ter­day and is an­chored by a Wool­worths store.

Home-grown busi­nesses at the cen­tre, off North Shore Boule­vard, in­clude newsagency North Shore News, hair sa­lon Brig­otz Hair, cof­fee house Mil­lie J & Co, phar­macy United Dis­count Che mi s t , e s t a t e a g e n c y Re max Co n n e c t i o n a n d Angliss Meats.

Na­tional busi­nesses in­clude Wool­worths, Flight C e n t r e , C o mmon­wea l t h Bank branch, Civic Video, BWS, and fi­nan­cial ser­vices provider Wide Bay Aus­tralia.

Mr Simp­son said the shop­ping cen­tre would be ex­panded pro­gres­sively.

‘‘ The ini­tial ex­pec­ta­tion was to leave five years be­tween stages, but the pro­ject may be speeded up.

‘‘ The progress of its evo­lu­tion de­pends on a com­bi­na­tion of ex­pan­sion of the com­mu­nity, the cen­tre’s core cus­tomer base, and de­mand from re­tail­ers for space.’’

Some 650 lots have been de­vel­oped to date at North Shore, which is al­ready home to a com­mu­nity of about 1000 and is be­ing rolled out pro­gres­sively on

VIL­LAGE EMERGES: Wool­worths area man­ager Craig Hed­ley a 1000ha par­cel near the north­ern bank of the Bohle River.

It ul­ti­mately will com­prise about 5200 homes, a town cen­tre with com­mer­cial space, a 40,000sq m re­gional shop­ping cen­tre and fea­ture a range of com­mu­nity fa­cil­i­ties.

A new batch of about 40 home sites was re­leased for sale last week­end to co­in­cide with the open­ing at North Shore of a 24-home dis­play vil­lage, the largest in North Queens­land.

Mr Simp­son said the next com­mu­nity-fo­cused pro­ject to be un­der­taken would be de­vel­op­ment of a 900sq m med­i­cal cen­tre on the cor­ner of Main St and North Shore Boule­vard.

The cen­tre will form part o f Nor t h S h o r e ’ s Co mmu­nity Health and Well­be­ing Precinct, which in­cludes a pool with wa­ter play ar­eas that is al­ready in place and to which in­door sports fa­cil­i­ties will soon be added.

‘‘ The med­i­cal cen­tre will house gen­eral prac­ti­tion­ers and spe­cial­ist medi­cos and a l r e a d y i s a l most f ul l y leased,’’ he said.

Town cen­tre-style fa­cil­i­ties to be de­vel­oped later in­clude a tav­ern with bistro and func­tion rooms.

It will over­look a town square, which will form the civic heart of North Shore.

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