The sale comprises two adjoining properties, situated within the rapidly developing southern Brisbane corridor.

The two properties form an 8.605ha corner site with three street frontage, generally level topography and northerly aspect.

The properties are zoned “Emerging Community” which allows for residential development. A concept plan of subdivision was prepared by the vendor displaying a yield of 182 lots.

Park Ridge is located just 30 minutes south of the Brisbane CBD in a growth corridor earmarked for substantial future growth. In recent years this corridor has attracted the attention of a number of market leading property groups.

The properties occupy a corner site, in close proximity to the “Rise Estate” being developed by Fraser’s Property, and is well positioned to take advantage of existing and future infrastructure, including the proposed Woolworths anchored

Park Ridge neighbourhood shopping centre, located approximately 1 kilometre to the north.

The sale transacted via an off market campaign to public development group Villa World for $6,750,000.

The achieved deal is considered to underline the high demand for residential development sites within South East Queensland.

Sale Analysis*
Vendor:Private Development Group
Method of Sale:Off Market
Sale Date:03/16
Sale Price:$6,750,000