Case Studies

104 River Hills Road, Eagleby

A residential development site, situated within Brisbane’s southern growth corridor.

The sale forms the balance of a religious organisations land holding, which comprises a 2ha hatchet shaped allotment, with a southerly aspect.

The property is zoned “Local Centre”, and was purchased with no approvals in place. However post purchase the property gained approval for a residential development comprising a total of 63 townhouses.

Eagleby is located 30 minutes south of the Brisbane CBD, within Brisbane’s rapidly developing southern growth corridor.

The locality is well serviced by a wide range of public and private infrastructure, with the sale being located in close proximity to Eagleby Shopping Plaza, the Oxford Crest Tavern and Eagleby Primary School.

The sale was offered to market via a six (6) week marketing campaign, which closed on Thursday 12 June 2014.

At the completion of the marketing campaign 20 enquiries were received, and a total of 4 offers to purchase were put forward. The successful party was Phillip Usher Constructions who acquired the property for $1,125,000.

Sales Analysis*
Vendor:Religious Organisation
Method of sale:Expressions of Interest
Marketing timeframe:6 weeks
Total enquiries:20
Total offers received:4
Sale date:08/14
Sale price:$1,125,000
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