RESIDENTIAL DEVELOPMENT LAND FOR SALE IN REDBANK PLAINS
A large parcel of land located in the Brisbane and Ipswich growth corridor of Redbank Plains is being offered for sale by Ray White Commercial.
The 21.21 ha block of land at Lot 89, School Road, Redbank Plains, is being marketed by Damian McMahon, Director of Commercial Sales at Ray White Commercial Ipswich CBD, by Mortgagee’s Tender under instruction from David Whyte of BDO.
Damian McMahon said the property provides the potential site development yield for approximately 220 to 270 residential allotments under the current Ipswich City Council planning scheme.
“The land lies within a mix of zones including ‘conservation’ at the southern end, ‘recreation’ through the centre covering the lower portions of the site and the remainder is zoned ‘future urban’,” Damian McMahon said.
“The future urban zoning provides for integrated urban development on large and strategically located parcels of land.
“Residential uses within the future urban zone include a mix of low to medium density housing types and lot sizes in response to community housing needs, or concentrated, higher densities around centres, public transport nodes and other community focal points.”
Damian McMahon said the sheer size of the land and its location within a major growth and industry hub represents a rare opportunity for potential buyers to develop.
“The property is strategically located nine kilometres east of Central Ipswich within the South Redbank Plains future urban Development area,” Damian McMahon said.
“Major developments within close proximity to the property are currently being undertaken by Lend Lease and Devine Limited. The strength of Ipswich’s diverse industry base provides extensive opportunities for further economic growth and prosperity in the region.
“A range of future employment generators currently exist in the surrounding areas including Amberley Airforce Base and Aerospace Precinct, Ebenezer Industrial Area, Ipswich CBD Revitalisation and Springfield Town Centre.”
The property is being offered for sale by tender closing at 4pm on Thursday, August 9, 2012.