A 2.4065 Ha* site located 18km* south west of the Brisbane CBD in the suburb of Richlands.

The property is Designated LMR3 Low-Medium Density Residential, offering townhouse, unit development or residential subdivision potential.

We received a strong level of interest in response to the opportunity with 56 enquiries received throughout the campaign. The majority of the interest came from small to medium sized residential builders and developers. The location of the site was seen as the main point of attraction as it sits within a well-established suburb close to major amenities and infrastructure.

The site was sold at close of Tender to a private buyer.

Sales Analysis*
Method of Sale:Tender
Marketing Time Frame:6 weeks
Sale Date:March 2015
Total Enquiries:56
Marketing Budget:$13,928
Total Offers Received:8
Vendor:Brisbane City Council
Total Realisation:$4,150,000 + GST

*approx