Brisbane City Council Pays $16.5 Million For Sherwood Site

AS part of its plan to build a $90 million bus depot, the Brisbane City Council has paid $16.5 million for a major development site at 496 Sherwood Road, Sherwood.

The former Index Park site, which measures 7.8 hectares, will play an important part in the redevelopment, and accommodate 200 additional bus services.

Expressions of interest for the terminal are being sought, and construction is expected to start soon, according to the AFR which reported the sale today.

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Marc Pallisco

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of realestatesource.com.au.

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