Cooroy Rag July 2021 edition

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Phone: 5442 6699

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Email: editorial@cooroyrag.com.au I July 2021

It’s time to climb

Runners return for King of the Mountain 2021 See stories page 5, 22 & 23

Photo: Dan King

Woolworths buys land in Cooroy

By ALEX PURCELL WOOLWORTHS has purchased land in Cooroy. The Cooroy Rag can confirm Fabcot Pty Ltd, Woolworths’ own in-house retail property development division, is the new owner of the 6.6ha block at 125 Myall Street, Cooroy.

Colliers International Sunshine Coast Managing Director Nick Dowling told the Cooroy Rag the company purchased the large parcel of land on the corner of Myall Street and Ferrells Road, opposite the Cooroy Golf Club, from a Brisbane based developer. “The land was contracted to

a Brisbane based developer who had a long-period put and call agreement.” Under the Noosa Plan 2020, the land is zoned part Community Facilities for a Residential Care Facility and part Environmental Management and Conservation. “It is understood the

developer was planning to build an aged care development but couldn’t get an aged care provider to come on board. “So sometime during that put and call period, an offer to buy the option has been put to them - and they’ve agreed. We had no knowledge of the deal.”

Cooroy Rag, July 2021 - Page

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