The sale is a strategic land holding, situated in one of South East Queensland’s fastest growing corridors.

The property comprises a 1.524ha, irregular shaped corner allotment, which is situated at road height, and has over 200 metres of direct frontage to Halpine Drive.

The sale is zoned “General Residential – Urban Neighbourhood Precinct”, and is subject to the Neighbourhood Hub Overlay. As such the property is suitabe for a wide range of potential uses including medium density residential, retail, mixed use, service station, aged care and child care (STCA).

Mango Hill is a popular residential locality, situated 30 minutes north of the Brisbane CBD, and borders the nationally recognised North Lakes master planned community. The property occupies a high profile corner site, which gains a high level of exposure to passing traffic, and is strategically located directly opposite a Coles anchored neighbourhood shopping centre and just south of the North Lakes Town Centre.

The property was offered to the market via a six (6) week Expressions of Interest Campaign, which closed on Tuesday 19 April 2016. The campaign generated a strong level of enquiry, from a wide range of groups including established residenital developers active in the SEQld market, and a childcare operator.

At the completion of the campaign 56 enquiries had been received and a total of 9 offers to purchase were put forward. The successful party was a Queensland based childcare operator who acquired the site for $4,850,000 + GST.

 

Sale Analysis*
Vendor:Private Corporation
Method of Sale:Expressions of Interest
Marketing Timeframe:Six Weeks
Total Enquiries:56
Total Offers Received:9
Sales Date:04/16
Sales Price: $4,850,000