An artist’s impression of the proposed $35m riverbank development.
An artist’s impression of the proposed $35m riverbank development. Contributed

New complex to be Premier quality

ROCKHAMPTON is crying out for new quality accommodation ... just ask Anna Bligh.

Fortunately developers Andrew Beaumont and Wayne Riddell have the answer.

The pair are behind a plan to build a $35million, 12-storey, hotel and apartment complex on the current Sullivan Nicolaides site along Victoria Parade.

It will be similar, but bigger, to The Edge, with a restaurant and eateries on the lower level, 89 one-bedroom hotel apartments on levels one to six, and further residential apartments and penthouses make up the building's top half.

Such has been the demand for high-end hotel rooms in Rockhampton, Premier Bligh was unable to find a vacant room at The Edge for her three-day stay in the Beef Capital this week.

Yesterday, Ms Bligh gave her endorsement as she discussed the project with Mr Beaumont.

Ms Bligh said it would qualify to be managed through the Queensland government's significant project office, which had been set up to help big developments work through the system.

A development application for the project is expected to be lodged with Rockhampton Regional Council by the end of the month, or early next.

If all goes to plan the development will be presented to the market early next year.

Mr Beaumont said a sizeable international hotel chain was among the parties that had shown strong interest.

He said with The Edge's occupancy rate of about 90%, there was “enormous demand” in Rockhampton for 4.5 star-plus apartment-style accommodation.

The building will have nearly double the 40m frontage of The Edge.

Mr Beaumont said people might be naturally cautious given a sluggish economy.

However, he said in Rockhampton the corporate hotel accommodation sector was going strongly and the development offered the right product with the right mix that would provide a “wonderful return” for investors.

He said anyone who had bought off the plan from the previous riverfront developments he had been involved with – The Edge and The Rocks – had made money.

Meanwhile, he said the 3000sq m site was one of few quality locations remaining in the city.



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