Developers swap high profile north Brisbane ex-church
A Brisbane site until COVID owned by New Covenant Pentecostal Church has traded between local developers – but seeking different outcomes.
Tim Booth and David Mullan’s Whalebone Developments is banking $13 million for the 2.1 hectare parcel, 189-203 Beams Road, Taigum.
The parcel came permit-ready for a convenience retail-based mixed use project (artist’s impression, top) with a fast food restaurant, spreading 727 square metres, petrol station (235 sqm), childcare centre (1195 sqm, with 120 places) and medical centre (649 sqm).
There would also have been a build to sell medium density residential component and aged care.
Instead, the incoming owner is planning townhouses.
Windfall for Whalebone
Whalebone paid the church $2.775m in mid-2020, as the country was in a COVID lockdown.
Rectangle shaped, the western component, on 1.1ha, contains the former Centrepoint Church.
The balance is a large tract, a corner of which is occupied by Shapland Swim School.
All up the property has 135 metres of Beams Rd frontage.
CG Property’s Bevan Galloway with JLL’s Jake Burrowes and Liam Peterson were the agents.
Taigum is about 17 kilometres north of the CBD.
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