Cairnscross dry dock for sale in Brisbane

Cairnscross dry dock for sale in Brisbane
Cairnscross dry dock for sale in Brisbane

Australia's second largest dry dock along with 14 hectares of prime Brisbane river front land at MORNINGSIDE will be sold off by shipbuilder Forgacs.

It will become new apartment and commercial office developments.

It has been owned by Forgacs Engineering since 2000.

Industry sources told the Australian Financial Review the Cairnscross Quays property, at 405 Thynne Road, could yield a total project realisation in the order of $1 billion, which would put a land value of about $100 million.  

The property comprises the Cairnscross dry dock left from World War II, situated 4.5 kilometres from the Brisbane CBD.

There is 700 metres of Brisbane River frontage. 

JLL's national director Seb Turnbull said the property was a "generational opportunity."

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
New Developments Brisbane

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