Case Studies

Former Ipswich Police Station, 77 Court Street, Ipswich

The Queensland Police Service appointed Marcus Knapp and Mark Dann of Ray White Commercial (Queensland) and Damian McMahon of Ray White Commercial (Ipswich CBD) to market and sell the property known as the former Ipswich Police Station.

The property comprised the original Ipswich Police Station and holding cells, a heritage listed structure, as well as a two-level modern office building and demountable structures to the rear. Building areas totalled approximately 2,062m² on a land area of approximately 2,727m². The property is in a convenient location adjacent to the Ipswich Hospital and just a short walk to the CBD and train station.

Marketing was undertaken in local media as well as in the Brisbane Courier Mail to gain state wide presence. Interest was received from opportunistic investors, developers and owner occupiers (particularly medical).

Sales Analysis*
Method of Sale:EOI
Marketing Time Frame:5 weeks
Sale Price:$1,650,000
Marketing Budget:$17,112.50
Vendor:The QLD Police Service
EOI Close Date:7 November 2013
Sale Date (Unconditional):14 November 2013
Settlement:3 January 2014
Enquiries:35
EOIs Received:4

*approx

0
Up to Date

Latest Case Studies