Flexible opportunity hits market in Townsville

16 July 2018

A unique opportunity has hit the market in Townsville, with an educational facility on a large 26.17 hectare holding being offered for sale with significant development upside (subject to relevant approvals being obtained).

The property located at 190 Hervey Range Road in Townsville is being presented to buyers by Robert Dunne and Gregory Woods of Savills via an Expression of Interest campaign.

The property’s major use is an educational campus, comprising of prep, primary and secondary schools, with additional accommodation facilities for male and female students.

Director of Commercial Sales Robert Dunne said the marketing campaign is likely to attract solid interest from two classes of buyers.

“We predict the opportunity will be seized by either an educational provider wanting to continue the operation of an educational facility, or by a property developer wanting to improve the current use,” Mr Dunne said.

The property is zoned “Community Facilities” with development opportunities including but not limited to health care services, retirement facility and residential aged care facility comprising a maximum building height of three storeys, subject to code assessment.

Director of Capital Transactions Gregory Woods said, “We are seeing significant demand for this type of property, however this scale of opportunity with all its improvements is rarely available”.

The property is ideally located a short 12km from the city centre of Townsville, with significant exposure plus access to the major arterial roads connecting Western Townsville with the Townsville CBD.

The opportunity is presented to market at an ideal time, with thousands of homes in the pipeline for Townsville’s booming Western Corridor.

Click here to learn more about Savills Commercial Sales.

 
 

Key Contacts

Robert Dunne

Robert Dunne

Director
Commercial Sales

Brisbane

+61 (0) 7 3002 8806

 

Gregory Woods

Gregory Woods

Director
Metropolitan & Regional Sales

Brisbane

+61 (0) 7 3002 8825