459-461 GOLDEN FOUR DRIVE, TUGUN QLD
Tugun Beach IGA This transaction set a new benchmark (sub 4 per cent fully-leased yield) for IGA’s in Queensland. Moreover,…
The approved 93.8 hectare* land subdivision site located 8km* from Gladstone was sold with a current Negotiated Decision Notice (ROL) for Stages 1 – 4 providing 185 residential lots, parks and balance development area. Preliminary Approval (MCU) for a masterplanned estate incorporating 550 residential lots, 184 dwelling units, commercial and child care.
There was a strong general awareness in the market in relation to the site with many groups over previous years having previously looked at the site.
| Sale Analysis* | |
| Method of Sale: | Formal Offers to Purchase |
| Marketing Time Frame: | 7 Weeks |
| Sale Date: | November 2013 |
| Total Enquiries: | 32 |
| Total Realisation: | $2,800,000 |
Tugun Beach IGA This transaction set a new benchmark (sub 4 per cent fully-leased yield) for IGA’s in Queensland. Moreover,…
Built upon the site is a two level commercial building with 8 car parks, originally purpose built by Commonwealth Bank…