A 1.08 Hectare* property located in only 19km* South of Brisbane CBD. The site is designation of Emerging Community with two street frontages. This was the first time the property had been offered for sale in 46 years.
Enquiry generated from the marketing campaign had been strong having received 34 enquiries. The vast majority of the interest was from the development sector of the market looking at a medium density use or alternatively land subdivision.
We received positive feedback on the position of the property withmost groups showing interest due to the Algester and adjoining Calamvale being considered as strong development precincts well positioned to local amenity including shops, schools and transport
The Algester area is favourably considered as it generates a firm buyer interest in developed product (either townhouses or house and land) delivering a reliable rate of sale. Some positive feedback that the area had started to strengthen again in demand after relatively soft market conditions in 2011 through to 2013 although prices had yet to gain any genuine momentum.
|Method of Sale:||Tender|
|Marketing Timeframe:||6 Weeks|
|Sale Date:||April 2014|