This 5.7 hectare site sits in a strategic elevated location in Ormeau Hills, situated in the thriving development corridor between Brisbane and the Gold Coast. Just 25km north of the Gold Coast CBD and 40km south of the Brisbane CBD, the site is being developed by CFMG Capital to create Elevate at Ormeau Hills, a high quality lifestyle community of 100 residential allotments.
Expected to be released in August 2020, this investment relates to Stage 2 of the 100 lot development and will encompass the final 46 allotments to complete the project. The strategic location is also just 1km from CFMG Capital’s recently completed 255 lot “The Brook Estate” and immediately adjoins the recently completed Stockland project, the 915 lot “Ormeau Ridge” both of which underline the continued demand for quality residential vacant land in this catchment. With Stage 1 now sold out, demand for Stage 2 is expected to remain strong.
The premium elevated location offers extensive views and great proximity to nearby open space and park lands. Also within 1km is the existing Ormeau Town Centre, including Woolworths, IGA, service centre, health care and a range of specialty stores. Just 500m away is the future North Ormeau Town Centre, which is already under construction with Coles confirmed as the major tenant.
There are also a wide range of public and private schools from P-12 in nearby Ormeau, Pimpama and Coomera, while various tertiary educational options are easily accessible due to the convenient location of major transport infrastructure such as the M1, Ormeau Train Station and Gold Coast bus routes.
Demand for vacant land in Ormeau Hills is also driven by immediacy of key employment nodes including the 127 hectare Yatala Enterprise Area projected to inject $1 billion into the local economy over the next decade.