A fully approved residential development site, situated within the sought after Brisbane to Gold Coast growth corridor.

The property is a vacant 8.397ha irregular shaped site, zoned “Emerging Communities”.

The site was purchased with approval for a residential subdivision comprising 92 freehold lots, and a 3.389ha park. The freehold lots range in size from 317m² to 655m², with 55% of the lots being below 400m² in size.

Coomera is located approximately 55 kilometres south of the Brisbane CBD, 19 kilometres north of Southport and is a rapidly development residenital locality, which has long been earmarked as a future growth suburb of the Gold Coast.

Coomera is well serviced by public infrastructure, with the Coomera train station and a number of schools already in place, with the $1 billion Coomera Town Centre currently being implemented.

The site was offered to the market via a six (6) week marketing campaign, which was scheduled to close on Tuesday 31 May 2016.

Throughout the campaign strong interest was received from a number of well established development groups active in the SEQld land market.

The campaign never reached its closing date, after a total of seven (7) offers being tabled after only three (3) weeks of marketing, with the successful party being Choice Homes who acquired the site for $6,000,000.

The high volume of enquiries received throughout the campaign, along with the strength of the offers put forward are considered to underline the strength of the market for well located and approved development sites in South East Queensland.

Sales Analysis*
Vendor:Private Owner
Method of sale:Expressions of Interest
Marketing timeframe:Six weeks
Total enquiries:72
Total offers received:7
Sale date:05/16
Sale price:$6,000,000 Ex GST