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Back 80 Glen Rd
Off Market

80 Glen Rd

Logan Reserve QLD 4133

5
2
2
Development Site
Last sold for $1,800,000
Oktay ValiOktay Vali, last sold this property on 21 September 2023 after -45 days on market.

Overview

SOLD and Settled! Strategic Amalgamation Transforms Five Properties into a 7.5 ha. of premium Development Site!

Property Description: Property Overview: - Type: Combined Development Site - Sale Price: $12.36 Million - Strategy: Amalgamation of 5 properties Detailed Description: Located in a prime development zone, this amalgamated property came into existence through the visionary unification of five individual properties, eventually selling for an impressive $12.36 million. This sale serves as a benchmark for innovation and strategic thinking within the real estate sector, particularly when faced with market challenges. Despite grappling with market stagnation for six years and facing the brunt of eight unsuccessful listing attempts, the property's trajectory experienced a significant shift. This change was due to the introduction of an amalgamation strategy. Such an approach not only refreshed the property's appeal to potential investors and buyers but also set the stage for a fiercely competitive bidding process. The sale's culmination exceeded the original expectations of the owners by a considerable $2.66 million, indicating the potential of such visionary endeavors. Further enhancing the narrative of this sale is the evident role of robust industry connections, more so with some of the most reputed developers in Australia. By strategically leveraging these industry relationships, the property's unique offering was highlighted, which was instrumental in achieving the monumental sale. This transaction underscores the pivotal role that networking, understanding market dynamics, and forward-thinking play in transforming seemingly challenging real estate scenarios into success stories.

Features

5 bedrooms
2 bathrooms
2 carspaces
Development Site

Estimated Value

We need at least 3 similar 5 bedroom development sites sold in Logan Reserve over the last 12 months.

Property history for 80 Glen Rd

2023
Sold
$1,800,000
Private Sale/Treaty on 21 Sep 2023 by Oktay Vali, of GC Prestige
2022
Sold
Undisclosed
Private Sale/Treaty on 30 Oct 2022 by Ali Mian, of Ray White Shore Group
2022
Sold
Undisclosed
30 Oct 2022 by Ali Mian, of Ray White Arundel (Runaway Bay Group)

Happy sellers in Logan Reserve

92%
92% of sellers in Logan Reserve reported that their sale price either exceeded or met their price expectations.

Logan Reserve stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 89 reviews in Logan Reserve over the last 12 months.

Local market activity for 5 bedroom development sites in Logan Reserve

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