Case Studies

Teviot Downs Estate – Urban Balance

The sale forms the northern urban component of the award winning Teviot Downs Estate, and is one of the most significant master planned residential development opportunities to be offered for sale in South East Queensland.

The property comprises a 153ha site of gently undulating to flat land, which has approval for a significant master planned community comprising:

– 996 residential lots;

– 1031 dwellings;

– Three super lots zoned Medium Density totalling 13.383ha; &

– 47ha of greenspace & recreation areas

The sale is located 40 minutes south of the Brisbane CBD, within the rapidly developing residential locality of Greenbank, which is situated within one of the fastest growing corridors in South East Queensland.

The property was offered to market via a seven (7) week, marketing campaign which closed on Tuesday 19 July 2016.

Throughout the campaign strong interest was received from a range of development groups including large private and public companies, who were attracted to the site given the rare opportunity to acquire a master planned community of such scale in a strategic growth corridor.

At the completion of the seven (7) week, marketing campaign, 91 enquiries were received and a total of 8 offers to purchase were put forward with the successful party being a publicly listed development group.

Sale Analysis*
Vendor:Treviot Downs Estate Pty Ltd
Method of Sales:Expressions of Interest
Marketing Timeframe:7 Weeks
Total Enquiries:91
Total Offers Received:8
Sale Date:August 2016
Sale Price:$50,000,000 (ex. GST)
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