Flexible development sites for sale in Strathpine

EXPRESSIONS of interest are being sought for two land parcels available to purchase either separately or in-one-line at 25-29 Railway Avenue and 526 Gympie Road in Strathpine.

Parcel one has a 1,820sq m* of land area with two houses on the site, and parcel two has a 1,311sq m* land area, with a commercial office in place.

The sites are being marketed and sold by Ray White Special Projects Queensland Directors Andrew Burke and Matthew Fritzsche.

Mr Burke said the development offered a magnitude of options that included multi-storey residential, retail, commercial and community use.

“Parcel one sits on four titles, with the two residential houses already in place that produce a current yearly rental return of $37,960,” Mr Burke said.

“Parcel two sits on two titles with great exposure and the commercial dwelling provides a rental return of $35,620 plus GST plus outgoings.

“The connectivity is a real bonus with the sites being just a two-minute walk to Bray Park train station, providing ideal access for future residents to key employment hubs throughout SEQ.

“The assets are within a short walk to Pine Rivers State High School and Strathpine State School and is in close proximity to the Woolworths and Coles anchored Strathpine Shopping Centre.”

Mr Fritzsche said despite the strong holding income, developers would see real potential in what the sites offered.

“It’s rare to get the option of one or both parcels, so the flexible zoning means a wide array of development options are available,” Mr Fritzsche said.

“And if that wasn’t enough, the University of the Sunshine Coast is building Australia’s newest university campus in the heart of Moreton Bay, which’ll be just 5km* away in Petrie.

“And a real drawcard is that it’ll be on the doorstep of the new $75M office building which is to house Super Retail Group’s new headquarters in Queensland.”

Expressions of interest close on Tuesday 17 September 2019 at 4pm (AEST).

*Approximately.