Surrounded by established housing, the 34.57-hectare site at 279 Pine Mountain Rd, Mt Gravatt is being marketed in a tender campaign by Ray White Special Projects employees Mark Creevey and Tony Williams.
Williams said Boral no longer required the property, which features a large lake in the pit. He said it was one of Brisbane’s most significant redevelopment opportunities.
“This is an impressive site in an established and popular area approximately eight kilometres east of the Brisbane CBD,” he said.
Creevey said the site has a preliminary approval, which allows for about 20 hectares to be developed for residential purposes.
“Given the size and location of the property, we anticipate there will be strong interest from major developers seeking to undertake a high quality residential development,” he said.
“The site is near major road networks, public transport, Westfield Carindale and Garden City shopping centres.”
Tenders close on 30 October, 2012.
Sources: Herald Sun, Courier Mail