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,…
An approved residential subdivision located 45min* from Brisbane and 20min* from Surfers Paradise. The site has a land area of 8.02ha* with a DA and Operational Works for a 49 lot subdivision. The allotment sizes ranged from 450m2* to 4,520m2* (avg 929m2*). Headworks credits were available thus reducing cost of development.
Strong enquiry was generated throughout the initial marketing campaign with 56 groups requesting further information.
Negotiations were undertaken with five separate groups post offer to purchase date to arrive at a contract with a due diligence timeframe followed by a short term settlement period.
Locality of Enquiry
Greater Brisbane 22
Gold Coast 24
Queensland 3
Interstate 7
Overseas 0
| Sale Analysis* | |
| Method of Sale: | Expressions of Interest |
| Marketing Time Frame: | 6 Weeks |
| Contract Date: | March 2014 |
| Total Enquires: | 56 |
| Total Offers: | 5 |
| Total Realisation: | $3,350,000 |
| Analysis: | $68,367 per lot $41.80 per m2 of total site area |
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…