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,…
Two adjoining, separately titled properties designated Low Density Residential and Emerging Community.
We received a strong level of interest in response to the opportunity with 95 enquiries received throughout the campaign.
The majority of interest came from small to medium sized residential builders. The site was previously developed with a service station and houses along Maundrell Tce prior to BCC resuming the land for road widening. Given the prominent location we also received strong interest from child care developers/operators and commercial developers for a range of uses including service station, retail and medical.
The site was sold post EOI to a private Sydney buyer with the intention of developing the site into residential units, townhouses and lots.
| Sales Analysis* | |
| Vendor: | Brisbane City Council |
| Method of Sale: | Tender |
| Marketing Time Frame: | 6 weeks |
| Sale Date: | January 2015 |
| Total Enquiries: | 95 |
| Marketing Budget: | $13,892 |
| Total Offers Received: | 5 |
| Total Realisation: | $1,400,000 |
*approx
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…