Case Studies

79a and 83 Cribb Avenue, Mitchelton QLD

The sale is a prime infill residential development site, situated in the sought after “Middle Ring” suburb of Mitchelton.

The sale comprises two adjoining properties, which form a 2.4042ha site, situated at road height, having a generally level contour with a westerly aspect.

The site is zoned “Low Density Residential” & “Open Space” and is within the Enoggera District Neighbourhood Plan. Approximately 1 hectare of land along the northern portion of the property is designated as Open Space.

The property was sold with no approvals in place, however it was marketed with an indicative development scheme for 52 townhouses.

Mitchelton is located approximately 10 kilometres north of the Brisbane CBD, and is a sought after “Middle Ring” suburb of Brisbane.

The locality is well serviced by a wide range of public and private infrastructure, with the sale being located in close proximity to Brookside & Stafford City Shopping Centres, Mitchelton & Oxford Park Railway Stations as well as a wide range of primary and secondary schooling options.

The property was offered to the market via a six (6) week marketing campaign, which closed on Wednesday 25 November 2015.

At the completion of the campaign 105 enquiries had been received and a total of 14 offers to purchase were put forward.

Sales Analysis*
Vendor:Private Family Estate
Method of Sale:Expressions of Interest
Marketing Timeframe:Six weeks
Marketing Budget:$4,844.00
Total Enquiries:105
Total Offers Received:14
Sale Price:$4,000,000


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