A 1.62 hectare development site positioned in the centre of one of south east Queensland’s fastest growing locations is hitting the market. 

Located at 18 Nestor Drive, Meadowbrook, the property is being brought to market by RWC Queensland's Tom Barr and Ray White Special Projects QLD's Matthew Fritzsche, on behalf of the current owner who purchased the property in April 2023 for $12.705 million. 

“Logan is one of the major population growth localities in South-East Queensland, with the projected population to exceed 500,000 by 2036,” Mr Fritzche said. 

“The property has a code assessable height limit of 25 metres, however is designated a 'Gateway Site' in the Meadowbrook Master Plan 2016, permitting a potential building height of up to 40 metres. 

“With the critical shortage of residential accommodation in South-East Queensland, the subject site provides scale to accommodate major residential mixed-use schemes.” 

Mr Barr said the site’s location was a huge drawcard.

"Just 30km from the Brisbane CBD, the site has major co-location benefits, positioned adjacent to the Logan Hospital which is currently undergoing a $1 billion upgrade being one the largest ever hospital upgrades in the country (Stage 1 major expansion project is a $460 million investment that will provide an additional 206 beds and is currently being delivered by John Holland; and Stage 2 Expansion project is a $530 million investment that will deliver 112 additional beds), Woolworths anchored Meadowbrook Shopping Centre, and Loganlea train station,” Mr Barr said. 

“The site is also in close proximity to the education and training campuses of the Griffith University Logan Campus, TAFE Queensland Loganlea Campus, and the Loganlea State High School.” 

Importantly the current owner spent a lot of time, before they settled the property in April 2023, ensuring that the property had been cleared and decontaminated by the prior owner - Riverina (Australia) Pty Limited - so that the site is development ready. The site is very well suited for a range of development options, including retail, commercial, medical, education, hotel, short stay accommodation, residential, and aged care uses. 

18 Nestor Drive, Meadowbrook is offered for sale via expressions of interest campaign, closing on Wednesday 11 September 2024, 4pm (AEST), which is expected to generate significant interest.

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