COMMERCIAL PROPERTY, SALES & LEASING

Sisters of Mercy pray for strong result with major offering

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A MASSIVE 148,064sqm property with significant development potential, only 5km from Brisbane’s CBD, has entered the market.

The amalgamated property, at 371 Simpson Road Bardon once served as the Sisters of Mercy Congregation’s novitiate and is currently used as their administration offices, accommodation and conference spaces.

Besides a 13,090sqm land parcel, the site is under a Vegetation Protection Order, though this remaining area has development potential as multi-level residential, a large private home, as land subdivision, education, aged care and a health precinct to name a few.

The sale of the property is being managed by Mike Walsh and Peter Court, joint heads of middle markets for Cushman & Wakefield.

“Given the sheer size, unique nature and range of suitable development purposes for the Bardon site, we are expecting overwhelming interest from a range of developers,” said Court.

The site sits on a hill with street frontage to Simpsons Road, Macrae Road and Gordon Road and is situated within the Mt Coot-tha Local Area Plan, just 5kms north-west of the Brisbane CBD.

Following a review of the landholding after the Sisters of Mercy congregation size was pared down, the congregation deemed the site as being beyond its needs and have since chosen to relocate.

“This is a truly unique piece of Brisbane real estate with limitless potential for an incoming purchaser to craft a vision for such a substantial inner-city holding,” added Walsh.

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