An approved medium density development site, situated within the southern Brisbane suburb of Inala.
The sale comprises two adjoining properties which form an 1,325m2 irregular shaped inside site zoned “Low-Medium Density Residential (2 or 3 Storey Mix) ”, situated at road height, with an easterly aspect.
The property was purchased with approval, for a 3 storey medium density apartment complex comprising 19 units (15 x 2 bed & 4 x 3 bed), plus a managers residence, with a single level basement car park.
Inala is an established residential located, situated approximately 21 kilometres south of the Brisbane CBD, and is bounded by the suburbs of Richlands, Forest Lake, Durack, Darra & Oxley.
Development within Inala is predominantly characterised by detached residential dwellings of mixed age and presentation. Inala is also home to an established commercial/retail centre known as Inala Civic Centre which is centred on the Woolworths Anchored Inala Plaza.
The property was offered to market via a six (6) week marketing campaign, which generated a total of 28 enquries.
The property was sold under the hammer, to a locally based private developer for a purchase price of $751,000 Ex GST.
|Method of Sale:||Auction|
|Marketing Timeframe:||6 weeks|
|Sale Price||$751,000 EX GST|