Stockland lists retail development site in Brisbane's Pallara

Stockland has listed a 22,800sqm retail development site in its residential community south of Brisbane, Pallara.

It is part of the Lower Oxley Creek growth area and adjoins the established residential suburbs of Algester, Forest Lake, Heathwood and Acacia Ridge.

Potential developments include a supermarket, child care facility, medical centre, petrol station and fast food outlet. 

The site, on Gooderham Road, has three street frontages and is being marketed for sale by Michael Harcourt and Peter Tyson of Savills.

The residential development features 720 homes slated for the next 5 years as well as an industrial precinct.

Michael Harcourt of Savills Retail Investments said, the site presents a substantial retail land offering at the entrance to the Pallara community, which will be home to many young families.

“We are anticipating strong demand from developers for this high profile site due to its prime location along Gooderham Road, which connects the established suburbs of Heathwood, Willawong and Acacia Ridge, as well as the continued growth in surrounding areas such as Heathwood and Doolandella.”

The property will be offered for sale via Expressions of Interest, closing in March 2017.