Outstanding Portside Future Development Site

Ray White Transact is pleased to offer for sale this prime future development site situated at 5 Hercules Street, Hamilton QLD. The property presents an outstanding opportunity to secure an investment opportunity with significant future development upside.

The main features of the property include:

- 1,382 sqm (approx.) site located within the rapidly developing Northshore Hamilton Urban Development Area;
- The Northshore Hamilton Urban Development Area is administered by the Urban Land Development Authority (ULDA), who have a statutory timeframe of 40 business-days in which to determine most development applications;
- Improved with a low rise office / warehouse building which is leased to Brookfield Multiplex Constructions Pty Ltd providing a good holding income;
- Significant future development upside within a large master planned precinct being developed by renowned developers such as Brookfield Residential Properties, Mirvac, Devine, Australand and Citimark;
- Located within close proximity to parkland, walkways and bikeways on the banks of the Brisbane River;
- Potential Brisbane River and Brisbane CBD views from upper levels of future development;
- Within close proximity to the Brisbane CBD and Brisbane Airport and easy access to major arterial roads and public transport systems.

The property is offered for sale by Contract Offers to Purchase closing Thursday, 14 April 2011.

For more information or a copy of the full due diligence disc, please contact:

Brad Hanson 0412851168; or
Rick Bird 0417 750 950