Edge Early Learning pays $4.125M for approved Annerley site

EDGE Learning Centre has snapped up a DA approved site in Brisbane’s Annerley following a successful expressions of interest campaign for $4,125,000 at 720-724 Ipswich Road.

The asset, that came with a 3,784sq m*land area, offered Low Medium Density Residential (two or three-storey mix) zoning.

The asset was successfully marketed and sold by Ray White Commercial TradeCoast Sales and Leasing Executive Franz Stapelberg.

Mr Stapelberg said the property had DA approval in place for a 471sq m* medical centre and a 144* place childcare facility.

“The property was an old car yard and during our five-week campaign we attracted 60 enquiries and carried out more than 20 inspections,” he said.

Ray White Commercial TradeCoast Sales and Leasing Executive Franz Stapelberg at 720-724 Ipswich Road in Annerley.

“The purchaser, Edge Early Learning, operates locally with 18 centres across South East Queensland.

“The new up-and-coming development will support the local community and bring new quality services to Annerley.

“The site was sold as vacant possession and is in a great position, just 5.6km* from Brisbane CBD, 1.5km* from Yeronga train station and 20.8km* to Brisbane Airport.”

*Approximately.