In a recent assessment of industrial land, local real estate operatives indicated there are ample options for hardstand rental in Pinkenba with land areas ranging between 4,000m² and 2Ha. Furthermore, market conditions for sales of vacant land is starting to show signs of slowing.
Typically, agents have indicated that high construction costs together with high land selling prices are reducing the profitability of developers to buy and build speculative developments. Generally, unimproved properties which require less site works would achieve better analysed rates ($/m2) when compared to sites that require more or extensive site works to achieve a suitable building platform.
|
Address |
Purchase Price |
Approx. Land Area Analysis ($/m²) |
Zone |
|
121 Main Beach Road |
$8,750,000 |
470 |
II Industry Investigation |
|
248 Eagle Farm Road |
$12,000,000 |
500 |
Open Space and CF5 Community Facilities (Education purposes) |
|
341 Thynne Road |
$10,700,000 |
720 |
IN2 Industry (General Industry B) |
We know Valuations. We know Queensland.
McGees Property specialises in market value assessments for acquisitions, disposals, financial reporting, SMSF audit and decision making purposes. Should you need any valuation services, please contact Scott Campbell 0403 165 355 or Owen Thorn 0405 415 645.
This Article is for general information only and should not be relied on as advice. You should consider your personal situation and seek advice that is specific to your circumstances before making any decisions based on this information. Liability limited by a scheme approved under Professional Standards Legislation.
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Liability Limited by a Scheme approved under Professional Standards Legislation
