Case Studies

40, 42 & 44 Ellis Street, Greenslopes

The sale comprises three contiguous properties, situated within the popular inner city locality of Greenslopes.

The three properties form a 1,821m² regular shaped inside site, situated at road height, with a southerly aspect.

The property is zoned “Low Medium Density Residential (2 or 3 Storey Mix)”, and was sold with no approvals in place.

Greenslopes is located approximately 5 kilometres south east of the Brisbane CBD, which is well serviced by a wide range of amenities.

The sale occupies a highly desirable position on a quite treelined street, with the eclectic stones corner retail precinct, Eastern busway, and Villanova College all within walking distance.

The site was offered to the market via a six (6) week marketing campaign, which closed on Thursday 4 June 2015.

At the completion of the campaign 90 enquiries were received, and a total of 9 offers to purchase were put forward.

The majority of interest for the property came from small to medium sized residential builders and developers, with the successful party being a private locally based buyer.

Sales Analysis*
Vendor:Private Persons
Method of sale:Expressions of Interest
Marketing timeframe:6 weeks
Total enquiries:90
Total offers received:9
Sale date:06/15
Sale price:$2,550,000
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