THE PROPERTY DEVELOPMENT REVIEW
7,8 & 45 Glenfield Beach Drive & 927 Chapman Road, Glenfield, WA This behemoth 161-hectare site managed by Ray White’s Brett Wilkins and Phil Zoiti was a second WA site that garnered one of the most views from the quarter. Located in a region with $9.785 billion of planned infrastructure projects in the near future, many forward-thinking developers had interests piqued due to the site’s sheer land size, approved structure plan for 1,800 lots with flexible densities ranging from R25 - R80, and seaside location. 75A Angas Street & 14-22 Moore Street, Adelaide, SA A landmark Adelaide CBD development site, managed by Knight Frank’s Oliver Totani and Jack Dyson, was one of our most viewed sites from SA over the quarter. Sitting within a Capital City Zoning area, enabling a development height of up to 22m, allowing for a range of development options. Additionally, the site also retains a valuable holding income and has a combined site area of 3,458, making it a high-interest listing for SA developers. 47 Walmsleys Road, Bilambil Heights, NSW This rare 19.38-hectare subdivision found just south of the QLD / NSW border turned many developer heads. Managed by Kolloche’s Adam Grbcic and Tony Grbcic, the site holds an R1 General Residential & R5 Large Lot Residential Zoning, allowing developers to capitalise on a blank canvas in a growing region with lots ranging from 450 sqm to 1 hectare. Tropicana Motel, 2595 Gold Coast Highway, Mermaid Beach, QLD Found in one of the Gold Coast’s most prestigious beachside suburbs, this high-density development site houses a 17-room motel, providing a stable holding income for the purchasing developer. Represented by CBRE’s Mark Witheriff and John Nucifora, the 1,593 sqm site is within a one-kilometre radius of some of the Gold Coast’s major lifestyle landmarks, such as The Star Casino, Pacific Fair Shopping Centre and the Oasis Shopping Centre, which proved to be an attractive notion for many developers . 218-232 Flinders Strete, Adelaide, SA Our second SA listing that proved popular, similar to the previous SA listing, is an Adelaide CBD development site with Capital City Zoning. Also managed by Knight Frank’s Oliver Totani and Jack Dyson, this 2,093 sqm site provided a development height of up to 53 metres, while at the interest of many developers, having zero stamp duty payable. Due to its size, location and zoning, the site suited a range of uses, which proved to be of great interest to developers in SA 16-18 William Street, Leichhardt, NSW This DA-approved inner-Sydney development site turned many developer heads with approval for a 25-room boarding house and a land tax exemption. Managed by Colliers’ Tom Appleby and James Cowan, this R1 General Residential Zoned corner site came with four individual lots, allowing for a range of development options in a sought-after suburb, making it rather attractive for prospective developers.
April / May 2023 – 13
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