The sale comprises a significant residential development site, located within the rapidly developing Western Growth Corridor.

The property comprises a 109ha site, with a PDA Development Permit for MCU Residential & Recreation Use, and an ROL for Stage 1 comprising 96 lots, with an average lot size of 558m2.

The site also has a proposed Master Plan incorporating:

– 679 freehold residential lots;

– 70 medium density lots;

– 5,040m2 commercial/child care lot;

– 18.554ha community use/education site;

– Various parks & open space;

The sale is located 6 kilometres south of the Ipswich CBD, within the rapidly developing Ripley Valley PDA, which forms part of the Western Growth Corridor.

The property was offered to market via a six (6) week, marketing campaign which closed on Thursday 24 November 2016.

 

 

Throughout the campaign strong interest was received from a range of development groups including large price and public companies, given the opportunity to acquire a significant residential development site, within a key growth corridor.

At the completion of the campaign 60 enquiries were received, and a total of 6 offers to purchase were put forward. The asset is currently under negotiations.

Sale Analysis*
Method of Sale:Expressions of Interest
Marketing Timeframe:6 Weeks
Total Enquiries:60
Total Offers Received:6
Total Realisation:Under Negotiations