St Lucia Trinity Sold In One Line

Three adjoining properties located at 254-256 Hawken Drive, and 80 Boomerang Road in St Lucia have been sold collectively for $3,025,000 by Tim Packman and Robert Dunne of Savills Commercial Sales.

The properties comprise a combined site area of 1,505sq m and providing a gross rental of $167,960 per annum.

Appointed agent Tim Packman said the deal represented prime St Lucia buying, in what has been described as the first time all three properties have been purchased in one line.

A local Brisbane based private consortium secured the properties 400m to the UQ campus.

“The buyer has indicated that the properties may be redeveloped and used as a childcare facility in the future,” Mr Packman said.

“This would be a significant development for the area, given that the properties are located opposite the local St Lucia Shopping Precinct on Hawken Drive and other local amenity.”

All three properties reside in a Low Density Residential Zone, where the development potential allows dwellings to be built up to two storeys in height.

A high level of interest was generated during the sale of the properties, with 10,128 visits to the webpage and 164 interested parties.

The three properties were all available for individual sale, as well as a combined package deal, with offers to purchase submitted via tender.