Approved Springfield Lakes Site for Townhouse Project

Approved Springfield Lakes Site for Townhouse Project

A residential development site with approvals for a townhouse project overlooking Springfield Lakes in the Brisbane-Ipswich growth corridor has recently settled through Ray White Special Projects (Qld).

The 2.66ha site on three titles at 15-17 Springfield Lakes Boulevard, Springfield Lakes, was sold following an Expressions of Interest by Ray White Special Projects Qld Directors Mark Creevey and Tony Williams on behalf of a private owner.

Mark Creevey said the successful purchaser in a $6.6 million transaction was a South-East Queensland-based developer/builder who is seeking to utilise the existing approval for townhouses with some minor amendments.

He said the marketing campaign for the site approved for 126 3-bedroom townhouses over three stages attracted 69 enquiries.

“We received very positive feedback about the location and the significant level of amenity and infrastructure in general within the Springfield region,” Mark Creevey said.

“Interest was received from a range of local, SEQ and interstate developer and building groups with a focus on lower density residential development options including detached housing, townhouses, retirement and aged care.

“Groups with a focus on townhouses showed a preference for 3-bedroom product over 2-bedroom which they indicated had less demand from the market. They were also conscious of competition in the market from detached small lot house and land product being produced in nearby land estates.”

Tony Williams said the elevated site has views over Springfield Lakes and is close to all major local amenities.

“The site is 1.8km to Springfield Central Railway Station and Orion Shopping Centre while schools, health and tertiary education facilities are also close by,” he said.