Colliers development site offers opportunity for new northside Brisbane shopping precinct
In an rare opportunity to market, Colliers Queensland on behalf of a private family business have the exclusive listing of one of Brisbane’s best development opportunities on a 5,598 sqm centre zoned site in Strathpine.
Occupying 5,598 sqm of land, connecting to a brand new McDonald’s, the property at 213-219 Gympie Road Strathpine is centre zoned allowing for multiple development outcomes and uses with a building height up to 27 metres, subject to Council approval.
Colliers Queensland Executive Investment Services, Shaun Seeto, said this site offered one of the best development opportunities in Strathpine with centre zoning allowing mixed use development while providing substantial passing income.
“This site could be developed into a shopping centre, childcare centre, medical centre, fast food outlet, service station, car showroom, the opportunities are endless.
“Connecting to a newly built McDonalds drive-thru, adjacent to the Strathpine train station and surrounded by shopping centres, hospitals, and commercial offices led by major national and international brands, this is an opportunity to add to the already vibrant precinct,” Mr Seeto said.
“The site has 50 metres of prime frontage to Gympie Road with about 240,000 cars passing weekly and location in the major catchment area of Strathpine and Brendale servicing a local population of approximately 15,700 residences with an annual projected growth rate of 2.7 per cent.
“The property comprises two-street frontage, Gympie Road and Jockers Street allowing for easy access and there are 63 on grade car parks,” Shaun Seeto added.
Colliers Queensland National Director Investment Services Director Hunter Higgins said there had been a rise in demand for essential service assets in recent years, which had contributed to the expansion of premium investment sectors like fast food establishments, childcare centres, service stations, and medical centre assets.
“These assets will continue to do well due to their better resilience to economic conditions due to dependence on everyday necessities,” Hunter Higgins said.
The site is surrounded by shopping centres, hospitals, and commercial offices led by major national and international brands such as, McDonalds, Dan Murphy’s, KFC, Coles, IGA, ALDI, CBA, NAB, 7- Eleven, Puma, Officeworks, Hungry Jack’s, Domino’s, Chemist Warehouse, BWS, Coffee Club, Big W, Target, and Red Rooster.
The property is governed by the Morton Bay Regional Council and falls under the Pine Rivers’ neighbourhood plan, which provides centre zoning allowing for multiple development outcomes and uses including Central Business, Commercial and Local Business allowing for such uses as a major shopping complex, showrooms, convenience and specialty retail developments, supermarket and shop front retailing.
Expressions of Interest close at 4pm (AEST) on Thursday, 31 August 2023.
