This article is from the Australian Property Journal archive
TOOWOMBA’s largest approved residential development site, a 42.2ha property stretching from the CBD to the new $300 million Brisbane West Wellcamp Airport, is for sale.
Colliers International Brendan Hogan and Chris O’Driscoll have been appointed to market the landholding, located across two titles at 229 Hursley Rd and 6 Hillman St in the western suburb of Torrington, via an expressions of interest campaign closing Wednesday, 20 July.
Hodge Holdings won the right to develop the land in December last year, into a mixed-use development with potential for over 600 dwellings, with approvals in place for the first 79 residential allotments, as well as a master plan approval for residential, retirement, aged care and manufactured housing development on the remaining land.
Hogan said multiple hospitals and major retail centres are in close proximity to the site, including Clifford Gardens, with the proposed Glenvale shopping centre within walking distance and further supported by a new Coles supermarket located within a short drive of the property.
“Toowoomba is Australia’s second largest inland city to the nation’s capital Canberra and is set for substantial growth with the population forecast to increase 37% by 2036 according to ABS.
“The Queensland state government and Australia government, with private enterprise, have recognised the strategic importance of this burgeoning city and there is now more than $10 billion worth of investment across the Toowoomba region.” Hogan said.
Australian Property Journal
