A prime development site in Logan City, strategically positioned between Brisbane and the Gold Coast in Queensland, has recently changed hands in a significant off-market deal facilitated by Knight Frank agents. The 2,023 square meter property located at 289 Kingston Road in Logan Central was acquired for $950,000 by commercial property syndicator Properties & Pathways from a private investor. This transaction, negotiated by Jacob Heinke and Hayden Ryan of Knight Frank, marks a pivotal moment for the site’s future.

The property, which includes a three-bedroom house and offers versatile potential for either commercial or residential development, attracted the interest of the buyer due to its favorable location adjacent to the existing Logan Medical Centre. The acquisition provides an opportunity for the expansion of the medical facility and aligns with the buyer’s strategic vision for the area. The site’s zoning permits a variety of commercial and residential uses, making it an attractive investment prospect in the Logan City Council jurisdiction.

The successful acquisition not only adds value to the property but also promises to enhance the community by catering to the evolving needs of local residents. Logan City, part of the high-growth region of South East Queensland, stands to benefit from the improved infrastructure and services that may arise from this development. Properties & Pathways’ Managing Director, Cal Doggett, emphasized the company’s commitment to maximizing asset value and delivering returns to investors. The acquisition of the neighboring site was a calculated move to capitalize on the demand for compatible tenants seeking to join the established medical hub in the area.

With a keen eye on future development opportunities, Properties & Pathways is set to leverage this acquisition to further strengthen the Logan Medical Centre’s position in the market. The buyer’s feasibility studies project a promising return on investment, underscoring the strategic foresight behind the purchase. Over the next 18 months, the transformation of the site is expected to unfold, bringing forth new possibilities for the Logan City landscape.

In conclusion, the sale of the development site in Logan City signifies a pivotal moment in the area’s growth trajectory. The collaboration between Knight Frank, Properties & Pathways, and the Logan City Council sets the stage for a transformative development that not only enhances the property’s value but also contributes to the community’s well-being. As Logan City continues to evolve, strategic investments like this pave the way for sustainable progress and improved amenities for residents.