Share this property

realcommercial.com.au

88 Glen Road Logan Reserve, QLD 4133

Directions

88 Glen Road,
Logan Reserve, QLD 4133

Development Sites & Land

Price information

Sold

$1,900,000

Key property information

Land area

Sold on

Map of 88 Glen Road

Directions

SOLD and Settled! Strategic Amalgamation Transforms Five Properties into a 7.5 ha. of premium Development Site!

Property Description:

Property Overview:
- Type: Combined Development Site
- Sale Price: $12.36 Million
- Strategy: Amalgamation of 5 properties

Detailed Description:
Located in a prime development zone, this amalgamated property came into existence through the visionary unification of five individual properties, eventually selling for an impressive $12.36 million. This sale serves as a benchmark for innovation and strategic thinking within the real estate sector, particularly when faced with market challenges.

Despite grappling with market stagnation for six years and facing the brunt of eight unsuccessful listing attempts, the property's trajectory experienced a significant shift. This change was due to the introduction of an amalgamation strategy. Such an approach not only refreshed the property's appeal to potential investors and buyers but also set the stage for a fiercely competitive bidding process. The sale's culmination exceeded the original expectations of the owners by a considerable $2.66 million, indicating the potential of such visionary endeavors.

Further enhancing the narrative of this sale is the evident role of robust industry connections, more so with some of the most reputed developers in Australia. By strategically leveraging these industry relationships, the property's unique offering was highlighted, which was instrumental in achieving the monumental sale. This transaction underscores the pivotal role that networking, understanding market dynamics, and forward-thinking play in transforming seemingly challenging real estate scenarios into success stories.

Property ID: 504649328Last Updated: 11 Oct 2024

04246740...
realcommercial.com.au logo
88 Glen Road
Logan Reserve, QLD 4133
GC Prestige
5308/2 Clark Street
SOUTHPORT, QLD 4215

Make an enquiry

What's your enquiry about?

Enter your details

Similar properties

Other properties you might be interested in based on the location and property type you are looking at.