NEW LIFE FOR OLD MOTEL
Now’s your last chance to book a holiday in the 18-room Cotton Tree Beach Motel.
As early as February, the two-storey motel across the road from Maroochydore Beach will be demolished to make way for a 12-storey luxury complex called Rise Maroochydore
Beach after developer Saintsun purchased the 1821sq m property in June for $6.135 million.
Until then, the motel will continue to do a roaring trade with regular travellers and holiday makers enjoying the relaxed atmosphere of Cotton Tree on the Sunshine Coast.
It is the peace and quiet of this Maroochydore neighbourhood that caught the attention of Saintsun co-director Stella Sun when she was looking for another patch of the Sunshine Coast to develop.
“From the very beginning I looked for a site with ocean views, that is our target,’’ Ms Sun said. “I love the Sunshine Coast, it is so peaceful and has natural beauty.
“I don’t go to the Gold Coast, we like quiet and peaceful.”
Saintsun recently completed Caloundra’s
Aqua View Apartments and builds modern, simple and elegant luxury apartments. Fifteen of the 48 apartments at Rise Maroochydore Beach sold in the first weekend on the market.
When all apartments are sold, Saintsun will begin the 18-month construction phase.
Residents on levels three to 12 will have view of the coastline from Mudjimba Island to Point Cartwright, and spy the coastal cotton trees for which this part of the Sunshine Coast is named.
Real estate group Colliers International will take the apartments to market, with purchase prices between $1 million and $3 million.
Rise Maroochydore Beach, a boutique collection of 48 luxury apartments to be built on the site of the Cotton Tree Beach Motel.