The sale is a strategic land holding, situated in one of South East Queensland’s fastest growing corridors.
The property comprises a 1.524ha, irregular shaped corner allotment, which is situated at road height, and has over 200 metres of direct frontage to Halpine Drive.
The sale is zoned “General Residential – Urban Neighbourhood Precinct”, and is subject to the Neighbourhood Hub Overlay. As such the property is suitabe for a wide range of potential uses including medium density residential, retail, mixed use, service station, aged care and child care (STCA).
Mango Hill is a popular residential locality, situated 30 minutes north of the Brisbane CBD, and borders the nationally recognised North Lakes master planned community. The property occupies a high profile corner site, which gains a high level of exposure to passing traffic, and is strategically located directly opposite a Coles anchored neighbourhood shopping centre and just south of the North Lakes Town Centre.
The property was offered to the market via a six (6) week Expressions of Interest Campaign, which closed on Tuesday 19 April 2016. The campaign generated a strong level of enquiry, from a wide range of groups including established residenital developers active in the SEQld market, and a childcare operator.
At the completion of the campaign 56 enquiries had been received and a total of 9 offers to purchase were put forward. The successful party was a Queensland based childcare operator who acquired the site for $4,850,000 + GST.
|Method of Sale:||Expressions of Interest|
|Marketing Timeframe:||Six Weeks|
|Total Offers Received:||9|