One of the most substantial approved residential land development opportunities to come on to the market in South East Queensland for years is being offered for sale by Ray White Special Projects (Qld).
153ha master-planned development site at Greenbank in Brisbane’s south is being marketed via Expressions of Interest by Ray White Special Projects (Qld) Directors Mark Creevey and Tony Williams.
“The offering presents a tremendous opportunity to acquire an approved, large scale residential development site in one of South East Queensland’s most active growth corridors,” Mr Creevey said.
“This property comprises the northern or urban balance area of the award-winning Teviot Downs Estate at Greenbank within the Greater Flagstone Urban Development Area.
“The offering on Pub Lane, Greenbank, has an approved master plan for traditional urban living incorporating 996 lots with generous block sizes ranging from 400 sqm to 2000 sqm, with an average size of 580 sqm. The land estate will also offer future residents more than 47ha of parks and open space.
“In addition to the traditional lots, there is more than 13ha of medium density land in three super lots at the eastern end of the site which will allow for higher density residential development in line with future requirements of the area and the eventual development of the proposed Greenbank Railway Station directly adjacent to the site.”
Mr Williams said the topography of this site is a major feature as it presents gently undulating to flat land the vast majority of which has been cleared, providing a canvas which will allow for attractive and cost efficient development.
“With well advanced approvals and solutions for the provision of essential infrastructure and services, the site provides the potential to take advantage of strong current demand for land in this corridor as well as across South East Queensland,” he said.
“The site is located 40 minutes south of the Brisbane CBD. It is close to a wide array of amenities with Greenbank Shopping Centre only 700m away and Grand Plaza Shopping Centre Browns Plains, Orion Shopping Centre Springfield Central and Springfield Central Railway Station approximately 15 minutes away.”