Case Studies

Stanley Street, Brendale

A residential development site situated within the established northern suburb of Brendale.

The sale comprises a 1.347ha irregular shape site, situated at road height, having a generally level contour with a northerly aspect.

The property is zoned “General Residential – Next Generation Neighbourhood Precinct” and was sold with no approvals in place.

The site was offered to market via a six (6) week marketing campaign which closed on Wednesday 20 April 2016.

At the completion of the campaign 42 enquiries were received, and a total of 4 offers to purchase were put forward. The successful party acquired the site for $1,550,000 (GST Inclusive).

Sale Analysis*
Method of Sale:Expressions of Interest
Marketing Timeframe:6 Weeks
Sale Date:June 2016
Total Enquiries:42
Total Offers Received:4
Total Realisation:$1,550,000
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