The sale is an approved residential development site, situated in Brisbane’s southern growth corridor.

The property comprises a 1.528ha irregular shaped corner allotment, with a southerly aspect.

The property is zoned “Low-Medium Density Residenital – Up to 3 Storeys”, and has approval for a residential development comprising 68 x 3 bedroom townhouses.

Pallara is located approximately 18 radial kilometres south west of the Brisbane CBD, within Brisbane’s southern growth corridor, which is earmarked for substantial future growth.

The locality bene! ts from close proximity to community infrastructure and a wide range of amenities including Forest Lake Village Shopping Centre, primary and secondary schooling options, and a number of child care centres. The property was o” ered to market via a six (6) week Expressions of Interest Campaign, which closed on Thursday 9 March 2017.

At the completion of the campaign, 783 enquiries had been received, and a total of 9 offers to purchase were put forward.

The successful party was Sydney based home builder Mcdonald Jones.

Sales Analysis
Vendor:Private Local Developer
Method of Sale:Expressions of Interest
Marketing Timeframe:6 weeks
Marketing Budget:$9,573
Total Enquiries:83
Total Offers Received:9
Sale Date:04/17
Sale Price $3,100,000