A development site has hit the market, with expressions of interest sought for two land parcels available to purchase either separately or in one line.
The first parcel, at 25-29 Railway Avenue, Strathpine offers 1,820sq m of land area with two houses on the site, while parcel two totalling 1,311sq m, at 526 Gympie Road, Strathpine, has a commercial office in place.
The sites are being marketed and sold by Ray White Special Projects Queensland directors Andrew Burke and Matthew Fritzsche.
Burke said the development offered a magnitude of options that include 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,” 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 South East Queensland.
“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.”
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,” 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 is just 5km away in Petrie.
“And a real drawcard is that it will be on the doorstep of the new $75 million office building which will house Super Retail Group’s new headquarters in Queensland.”
Expressions of interest close Thursday 12 September 2019 4pm.
Ray White Special Projects Queensland Associate Director
0417 606 128
Ray White Special Projects Queensland Executive Director
0410 435 891
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