Property Development

Development Opportunity in Growing Economic Hub Hits the Block

Written by The ReReport
As seen in the Source link, written by on 2019-05-16 13:42:01

“The geography of the site makes it very attractive for government and non-government agencies, enabling them to service Queensland’s two largest centres which are only a 35-minute drive either way on the M1.

“There is an under-supply of high-grade office space to meet government accommodation requirements.

“Being directly serviced by public transport and neighbouring retail amenities allows this site to be tailored toward government workers, but the overall opportunities are numerous, including residential.”

Logan City Council has enticed precinct-changing development applications in the heart of Beenleigh through its local precinct plan.

Indeed, its development arm, Invest Logan, is teaming up with the private sector to deliver a portfolio of regenerative commercial developments around the region. Currently, it is in the planning phase for a medium-rise commercial tower in York Street which will be home to 140 workers when completed.

Under the local plan, the Council is encouraging workers in the Beenleigh town centre to take bus and train transport by lessening parking provisions. Parking requirements have been set at 1 per 100sq m of GFA.

The property enjoys 32.6m of street frontage. Approximately 5,700 vehicles pass the site every day.

According to Australian Bureau of Statistics data, Logan City’s population grew by 10.5 per cent between the 2011 and 2016 Census’ with the population now more than 320,000 residents.

The site will be auctioned 11am, 20 June at LJ Hooker Commercial Brisbane Springwood Offices.