The 4.28 Ha* site is located 40 minute* drive to Brisbane CBD in the highly sought after and active Brisbane Bayside development corridor. 1.5km* to Bunnings & Victoria Point Shopping Centre including cinemas, cafés, restaurants and over 200 specialty stores and bus interchange.

The property had a development permit approval (ROL) for 16 residential lots ranging in size from 457m²* to 1,372m²* (avg. 780m²*).

We received a strong level of interest in response to the opportunity with 60 enquiries received throughout the campaign. The majority of the interest came from small to medium sized residential builders and developers. The location of the site was seen as the main point of attraction as it sits within a well-established suburb close to major amenities and infrastructure.

There was positive feedback about the anticipated demand for completed product in the area as there is very limited competing land in the immediate catchment.

The site was sold at Auction to a private buyer.

Sales Analysis*
Method of Sale:Auction
Marketing Time Frame:6 weeks
Sale Date:December 2014
Total Enquiries:60
Marketing Budget:$13,848
Total Realisation:$2,035,000

 

*approx