Bridgeman Downs development site hits the market

EXPRESSIONS of interest are being sought for a residential development site in Brisbane’s north-west suburb of Bridgeman Downs at 19 and 61 Retreat Street.

The asset, that offers a 2.2ha* land area, already has an application before the council for a 29-lot subdivision in one of Brisbane’s most tightly held land development markets.

The site is being marketed and sold by Ray White Special Projects Queensland Executive Director Matthew Fritzsche.

Mr Fritzsche said the two adjoining owners had banded together to form the 2.2ha* residential development site.

“This is one of the few remaining infill development opportunities in this locality and the application will see lots ranging between 450sq m* and 2,500sq m*,” he said.

“The two owners have done a great job in progressing the development application to its current point, however they aren’t developers, so they’re looking to move their properties on to a buyer.”

“The site has a solid four-bedroom house on its own proposed title (61 Retreat Street), which may also allow for future additional lot yield, subject to council approval.

“There’s a strong owner-occupier locality and is surrounded by modern, affluent housing that’s just 15km* from Brisbane CBD.

“The site is also just 850* metres from Carseldine Central Shopping Centre and is within 6km* of Westfield Chermside, The Prince Charles Hospital and is central to a range of schools.”

Expressions of interest close on Thursday 31 October 2019 at 4pm (AEST).

*Approximately.