Case Studies

17 Vietnam Street, Inala

A partially completed residential development site, situated within the southern Brisbane suburb of Inala.

The sale comprises a 5,815m2 slightly irregular shaped inside site zoned “Low- Medium Density Residential (Up to 3 Storeys Precinct) ”, situated at road height, with a northerly aspect.

The property was purchased with approval, for a group titled residential development comprising 22 x small lot low-set dwellings consisting of 2 beds, 1 bath, study, with a single lock-up garage.

More specifically at the date of marketing of the 22 proposed small lot dwellings, 3 dwellings had been partially completed, whilst concrete slabs had been laid for a further 2 dwellings.

Inala is an established residential locality, 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 45 enquiries.

The property was sold under the hammer, to a locally based private developer for a purchase price of $1,325,000 Ex GST.

Sales Analysis
Vendor:Liquidators Appointed
Method of Sale:Auction
Marketing Timeframe:6 weeks
Marketing Budget:$14,707
Total Enquiries:28
Sale Date:07/17
Sale Price $751,000 EX GST
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