Case Studies

53 Broadwater Ave, Hope Island

The subject property is a vacant block of land within the ‘Hope Island Central’ precinct of the Hope Island Local Area Plan and was sold by Ray White Commercial for $1,800,000.

The development site comprises 2 blocks with a total land area of 14,753m²* and was sold by Wayne Devenport, Senior Consultant of Ray White Commercial.

The site, located within 400 metres of the proposed Hope Island Town Centre, is accessed via a service road running adjacent to the major arterial road running through Hope Island and has an ocean access waterfrontage of 98 metres.

Sales Analysis*
Method of Sale:Expression of Interest
Marketing Time Frame:6 weeks
Sale Date:28th June 2013
Sale Price (under the hammer)$1,800,000


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