This article is from the Australian Property Journal archive
A key vacant site slated for a business park in the area of Yamanto, south of Ipswich, has been placed on the market through PRDnationwide.
Expressions of interest are currently being sought for the 15,824 sqm parcel, which has been amalgamated over the last nine months by Giarc Developments, associated with ex-National Rugby League legend Craig Teevan and business partner Craig Chesterfield.
The group has listed the site for sale with Dewayne Montey of PRDnationwide Gold Coast corporate office in order to focus on several residential unit developments on the Sunshine Coast.
Located at 442 to 454 Warwick Road and 15 Leonard Street, the site is zoned Major Centres, suitable for a retail and commercial development with uses including showrooms, video outlet, fast food stores, hardware and bulky goods retailers, self-storage facility, service station and or a car yard.
A concept design for the site has been prepared by Gold Coast based Raunik Design Group in conjunction with MaXaM Constructions, which includes basement parking for 58 cars, a 7,068 sqm ground floor and 3,210sqm second floor.
Major development earmarked for surrounding areas include the $200 million Yamanto Town Centre a joint venture with JMK Group & Coles, 20 hectare Master planned Industrial precinct directly opposite the subject site, a 3,800 home site subdivision directly behind the site and a $285 million redevelopment and expansion of the nearby Amberley RAAF Base – Australia’s largest operational air force base, which is set to become Australia’s first defence ‘super base’.
Montey said Warwick Road is a major arterial for the area linking Yamanto to the CBD of Ipswich with around 30,000 cars per day passing the site.
The arterial is gazetted for an expansion into a four-lane highway by 2008 and the site has a designated service road offering left in and left out access points.
“Recent research has revealed sharp appreciations in the value of commercial and industrial land throughout South East Queensland and, in particular, Ipswich, increasing between 20% and 50% annually.
“The research also states the value of most high exposure commercial properties which, like this site, front major roads have jumped by up to 250%,” he concluded.
By Kathryn O’Meara
