Private school outbids developers for site
A private school south west of Brisbane has outbid residential developers for a major low density site abutting a campus.
Westside Christian College picked up the 1.96 hectare parcel, 124-128 Alice Street, Goodna, for $2.5 million.
The vendors, two local investors, one who grew up on the property, held for decades; this year’s campaign was the first time the land has been put to the market.
Ray White Special Projects’ Christian Czernik-Wojcicki and James Hanley were the agents.
The deal comes six months since the Anglican Schools Corporation snapped up a 2.25ha block in Sydney’s Glenwood, also to occupy.
In 2021, meanwhile, in Victoria, Melbourne Archdiocese Catholic Schools outlaid c$10m for a West Melbourne building to expand the Simonds Catholic College campus.
124-128 Alice Street
The Goodna site was offered permit ready for 32 dwellings on lots between 359-694 square metres (story continues below).
As well as developers, land bankers and syndicates, as well as childcare centre operators looked in, according to the agents, who added seven offers were received.
“The end purchaser lodged a strong cash unconditional offer with terms which were very appealing to the vendor,” according to Mr Czernick-Woljcicki.
Mr Hanley added “infill development sites are scarcely available throughout the broader south east Queensland region”.
Goodna, part of Ipswich, is about 20 kilometres from Brisbane’s CBD.
The Alice St block neighbours Northside’s primary school campus.
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