A residential development site, situated in the established Bayside locality of Thornlands.

The property comprises a 5.233ha irregular shaped inside allotment, situated at road height, having a gently undulating contour, and a northerly aspect.

The sale is subject to multiple zonings and is within the South-east Thornlands Structure Plan, which allows the property to be developed for residential purposes.

The property was sold with no approvals in place, however the purchaser intends to develop the sale as a premium land only estate, with an advised development yield of approximately 86 lots.

Thornlands is located approximately 30 kilometres south east of the Brisbane CBD, and is an established Bayside locality, which is well serviced by a wide range of private and public infrastructure.

The sale transacted via an off market campaign to public development group Villa World for $10,500,000.

Sales Analysis*
Vendor:Private Company
Method of sale:Off market
Sale date:02/15
Sale price:$10,500,000