Approved Taigum development site sells for $6.4M

A 2.33ha* block of land has been sold to a south east Queensland project developer and builder for $6.4M at 281-295 Handford Road, Taigum.

The cleared, elevated site has access to water and sewerage infrastructure and is in close proximity to local shopping, education, recreation and public transport facilities.

The deal was jointly brokered by the Ray White Special Projects Queensland team of Mark Creevey and Tony Williams.

Mr Creevey said the land sold following a six-week expressions of interest campaign and enquiries were high.

“Throughout the process we had 70 enquiries, and at the close of the expressions of interest period, we had eight strong offers to consider,” he said.

“With the site ripe for development and being only 14.5km* north of Brisbane CBD, we’re pleased to see that so many people appreciated the opportunity that was on offer.”

Mr Williams said while the site was originally approved for 104 x 3 bedroom townhouses, there was interest in the site for a variety of potential development outcomes.

“Despite the townhouses being aimed towards the investment sector, there was also strong interest from the market from groups seeking to undertake a variety of other residential uses, including lower density townhouse development, land subdivision and retirement/aged care,” he said.

“The strong level of enquiry is evidence of the continued demand for approved residential in-fill sites in the Brisbane City Council LGA.”

*Approximately.