Lot 3 Stodart Tce, Mango Hill
Ray White Special Projects Qld undertook a Tender campaign for the sale of a 2.298 Hectare vacant residential development site…
The property comprises a prime 2,226m²* approved residential development site in the Brisbane CBD fringe suburb of New Farm.
The property was sold with a development approval for 12 x 3 level luxury townhouses.
The strength of the sale reflects developer demand for smaller/boutique development sites in near city locations. The position of the site in New Farm was seen as desirable given its close proximity to the restaurant and café precincts, shopping, transport, entertainment and arts complexes.
The property sold was sold via private treaty to a private local developer within 1 week of it being listed for sale. The sale reflects a rate of $500,000 per approved townhouse.
| Sales Analysis* | |
| Method of Sale: | Private Treaty |
| Sale Date: | March 2015 |
| Total Enquiries: | 62 |
| Total Offers: | Multiple |
| Total Realisation: | $6,000,000 |
*approx
Ray White Special Projects Qld undertook a Tender campaign for the sale of a 2.298 Hectare vacant residential development site…
Ray White Special Projects Qld undertook a Tender Campaign for a 1.013Ha site located in the northern Brisbane suburb of…