Prominent Banyo Site Sold for $1.1 Million
A substantial block of land strategically located at Banyo on Brisbane’s north side has been sold by Ray White Commercial for $1.1 million.
The approximately 1.1 Ha site at 907 Nudgee Road, Banyo, was sold to a local business owner in a deal negotiated by Steve Black and Juma Marstella of Ray White Commercial Pine Rivers.
Steve Black said the property had approximately 136 sqm of frontage to Nudgee Rd and was located less than two kilometres to the Gateway Motorway.
“The parcel of land was purchased by a business owner who intends to occupy the property,” he said.
“The site had been difficult to sell because of restrictions on development.
“Both parties were very pleased with the terms and conditions of the sale and the smooth settlement of the property.”
Banyo is a highly-established industrial area, with a multitude of public transport and major arterial route options that service the thriving south-east Queensland corner.