Cushman & Wakefield brokers sale of Plenty development site for circa $9.35 million

• Cushman & Wakefield brokered the sale of a 3.71-hectare development site at 29-47 Memorial Drive, Plenty, for circa AUD 9.35 million.
• Local private developer bought the land from a private family following a competitive expressions-of-interest campaign.
• Process drew multiple offers, ending with two unconditional bids; buyer secured the site on a 120-day settlement.
• Property totals 37,104 sq m with 167.6 m frontage; zoned Neighbourhood Residential Zone Schedule 1.

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