News

EkkoPoint buys Bridgeman Downs development site for $6.2M

EKKOPOINT Properties has purchased a Bridgeman Downs development site for $6,200,000 after a successful expressions of interest campaign at 229 Graham Road.

The asset, that provided a substantial 1.83ha* parcel of land, represented one of Brisbane’s most exciting land development opportunities.

The property was marketed and sold by Ray White Special Projects (QLD) Director Matthew Fritzsche.

Mr Fritzsche said the asset was contracted at the end of 2018, and subsequently gained approval for 27 residential allotments prior to settlement in 2019.

“There was a huge amount of interest in this development site and we registered more than 100 enquiries and 12 offers were presented,” he said.

“The enquiries were predominantly from South East Queensland, however, there was also strong interest from interstate buyers.

“There was a mixture of both builders and developers, and private development groups.

“Bridgeman Downs is just 15km* from the Brisbane CBD and is characterised as a strong owner-occupier market for house and land, with the suburb traditionally characterised by affluent acreage style properties.

“Developable acreage properties are very competitively sought-after when offered to the market at present, particularly for those sites that are relatively unconstrained.

“Further, we see diminishing greenfield land supply being a major factor contributing to strong on-going development interest throughout Brisbane moving forward.

“In general, we’re experiencing positive market sentiment moving into 2020, and sales such as this underline the strength of the Brisbane market.”

*Approximately.

Up to Date

Latest News

  • Coffs Harbour Motel on Massive Land Parcel For Sale

    Insolvency and restructuring expert, Bill Karageozis of McLeod and Partners has appointed leading specialist brokerage firms Ray White Commercial Queensland and HTL Property to sell Coffs Motel and Villas, located at 209 Pacific Highway, Coffs Harbour. Bill Karageozis of McLeod and Partners was appointed as the Liquidator to the asset … Read more

    Read Full Post

  • 4 Reasons to Sell at the Summer Auction Day

    Take Advantage of the Strong Selling Conditions 10 of our most recent on market campaigns averaged 143.6 buyer enquiries, 8.3 registered bidders/offers, with yields as tight as 3.81% and some prices 20% above owners price expectations. These results continue to defy media headlines and market speculation. All of our Ray … Read more

    Read Full Post