The sale comprises 5 contiguous allotments, situated within the rapidly developing southern Brisbane corridor. The properties form a significant 16.16ha parcel zoned “Emerging Community”, being situated at road height, having a generally level contour, with an easterly aspect.
The site was taken to market with no approvals in place. However prior to marketing the vendor undertook substantial works regarding the development of the property for residential purpose.
This resulted in the site being marketed with a preliminary plan of development for a 276 lot residential subdivision, which significantly de- risked the offering.
Chambers Flat is located 30 minutes south of the Brisbane CBD, within Brisbane’s southern corridor which is earmarked for substantial urban future growth. In recent years this corridor has attracted the attention of a number of market leading property groups.
The property was offered to market via a six (6) week marketing campaign which closed on Wednesday 27 July 2016.
The campaign generated a strong level of interest from a wide range of development groups, including medium to larger sized private developers, builders and public companies.
At the completion of the six (6) week marketing campaign 68 enquiries were received and a total of 3 offers were put forward.
|Method of Sale:||Expressions of Interest|
|Marketing Timeframe:||6 weeks|
|Total Offers Received:||3|