A prime redevelopment opportunity, within Brisbane’s in demand “Middle Ring”.

The property is a significant 4.053ha predominantly cleared allotment, which rises upwards from road height, and has an easterly aspect to Settlement Road. The property is zoned “Extractive Industry” and was formerly utilised as a quarry.

The property was sold with no approvals in place.

The Gap is a well-established residential locality, which forms part of Brisbane’s sought after “Middle Ring”, being positioned approximately 12 kilometres north of the Brisbane CBD. More specifically the property is well serviced by a wide range of amenities including public transport, schools and shopping. The site also backs onto the leafy Keperra Bushland Reserve and is positioned directly opposite the Treetops Manor Aged Care facility.

The property was offered to market via a six (6) week marketing campaign which closed on Tuesday 15 July 2014.

At the completion of the six (6) week marketing campaign 64 enquiries were received and a total of 3 offers were put forward.

The property contracted post closure of the marketing campaign, for $3,250,000 Ex GST to a party who had not initially put forward an offer to purchase at the completion of the Expressions of Interest campaign.

Sale Analysis*
Vendor:Private Owner
Method of Sale:Expressions of Interest
Marketing Timeframe:Six Weeks
Total Enquiries:64
Total Offers Received:3
Sales Date:05/15
Sales Price:$3,250,000 Inc GST