Ray White Special Projects Qld are pleased to offer for sale by Formal Offers to Purchase a 240 lot land subdivision site located in the heart of the Brisbane - Ipswich growth corridor in the suburb of Redbank Plains.
Situated 34 km from the Brisbane CBD and 13.5km to Ipswich the property is located directly adjoining the master planned estates of Fernbrooke Ridge by Lend Lease and Edens Crossing by Devine. The suburb is undergoing a complete transformation with old farmland and plantations making way for new facilities and infrastructure including schools, shopping and parkland. A future corridor has even been created for a passenger train service ultimately to service the precinct in years to come.
The 21.28 hectare property has a development permit for 217 residential allotments ranging in size from 385 m2 to 949 m2 with an average of 444m2. A further application is currently being considered for an additional 23 lots providing a total yield of 240 lots.
The sellers of the site have invested a significant amount of time in the design of the estate with a heavy focus on the delivery of a layout that provides for optimisation of yield combined with the most cost effective delivery costs possible to ensure all lots deliver a flat building pad for future house construction.
The estate will benefit from the soon to be commenced construction of the Redbank Plains Distributor Road which will provide direct access to the Centenary Highway and easy access to Springfield Town Centre, Springfield Railway Station and beyond to Logan Motorway, Ipswich Motorway and the Brisbane CBD. Timing of completion of this new road is set to coincide with potential completion times for construction of the estate.
With views from sections of the site to the Brisbane CBD and a bushland buffer along the western boundary the estate will provide a number of attractive selling points for future owner occupiers and investors. Features include a central 6500m2 park with an additional 1.6 Ha lineal park incorporating natural bushland running through the northern half of the estate. Bicycle paths will ultimately provide connectivity with a substantial network of pathways already established throughout adjoining estates.
With strong demand in this location from both owner occupiers and investors for completed land the offering provides a fantastic opportunity to acquire a site of scale, current approvals, and connectivity to existing access, services and infrastructure.
Offers to Purchase Close Wednesday 2 December 2015. We welcome your interest. For more information visit here.