Presenting a great opportunity to acquire a prime park side residential development site in Brassall.
Forest View estate is zoned Low density residential, in a quiet, wide tree lined street with a context of attractive contemporary brick homes.
Development status.
The site has had engineering design, sewer and water design, electrical design, bulk earthworks design, land surveying approved with Development Approval for Operational Works lodged in July. The site has water and power and NBN supply agreements in place. A full suite of engineering drawings, reports, surveys are disclosed for due diligence.
Costs and feasibilities.
A number of Civil contractors have tendered on the completion of works and this is provided in a comparative document.
Site information.
1.84 hectares of gently sloped land with 100m of frontage on Windle Road with a depth of 183m. The Site is designed over 3 stages with 2460sqm of park land at the Eastern face of the site connecting to Bellona Park leading into Haigh Street Quarry Bush Reserve. Freya street and Polaris Drive extend through the site to create two banks of 12 and 13 lots.
21 of 25 lots are 500sqm with the average frontages exceeding 15m.
Brassall is a suburb in the City of Ipswich with a population of near 11,000 people (2016 census). Easily accessed by the Warego Highway, the area is attractive for young families with plenty of parks, natural reserves and attractive public facilities on the Bremer river. Popular restaurants and cafes, new shopping centres, plenty of big box retail and top schools like Ipswich Grammar School complement the area. Plenty of employment opportunities exist in the area with RAAF Amberley base, Willowbank Raceway, Springfield Central and the commercial and Industrial businesses that support these.
GST status.
Property has a vacant single home, shed and pool to be demolished. The property can be purchased on a residential sale contract. Please seek accounting advice on GST exemption.
Surrounding suburbs:
North Ipswich, Tivoli, North Booval, proximate to Springfield, Bundamba, Redbank, Karalee
- Opportunity to build 25 residential lots
- South East Queensland is experiencing significant growth due to substantial public and private investment on key infrastructure project in the lead up to the 2032 Olympic Games.
- Rental yields for detached residential homes have seen a recent 16% uplift showing investor confidence in this niche.
CLOSING DATE FOR OFFERS
4PM WEDNESDAY 24 AUGUST 2022
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