Case Studies

43 & 51 Brentford Road, Richlands

43 & 51 Brentford Road each comprise an 8,195m2 near regular shaped site with a northerly aspect. Both sites are zoned “Low- Medium Density Residential (Up to 3 Storeys)”. The properties were both predominantly cleared with no identifiable major planning constraints.

Richlands is located just 25 minutes south of the Brisbane CBD, within Brisbane’s southern growth corridor which is earmarked for substantial future growth.

The locality is well serviced by a wide range of public and private infrastructure, with the sale being located in close proximity to the Richlands Woolworths supermarket, Railway Station and Bus Interchange.

43 & 51 Brentford Road, were sold via two separate off market campaigns, spanning between 2014 to 2016.

Both sites were purchased by the same development group for $1,750,000 & $1,760,000 respectively.

Both transactions were subject to DA, with both sites gaining approval for separate medium density developments of 35 townhouses (total of 70 townhouses).

This was a strategic purchase by the developer who is also developing the site adjoining the rear southern boundary. The subject properties provided the benefit of an immediate stormwater solution allowing for the construction of a stormwater pipe traversing the properties through to Brentford Road.

Sale Analysis*
Vendor:Private Owners
Method of Sale:Off Market
Sale Date:12/14 (No.43)

03/16 (No.51)

Sale Price:$1,750,000 Ex GST (No.43)

$1,760,000 EX GST (No.51)

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