Ray White Special Projects QLD, in collaboration with RWC Queensland, are set to bring an opportunity to the market: a significant 1.2-hectare site in the central Ipswich suburb of Raceview. Home to the renowned Kingwall Manufacturing (formerly Kingston & Wallace) furniture manufacturing business for the past 67 years, this property is now being offered for sale for the first time, representing a rare opportunity for buyers in this growing region. 

Prime Location with Diverse Development Potential 

The 1.2084-hectare site, spread across two titles, is zoned as Medium Density Residential under the draft 2024 Ipswich City Plan. This zoning offers significant scope for future residential development while retaining flexibility for commercial or industrial use due to the site’s substantial improvements and unique pre-existing lawful use rights. 

The property features over 5,000 square metres (approx) of manufacturing and functional warehouse space, currently utilised by Kingwall Manufacturing. Additionally, there is a standalone residential building on a separate title, historically used for administrative purposes. The expansive nature of the improvements ensures a wide range of potential options for future owners, whether for owner occupation, investment, or redevelopment. 

Unique Opportunity with Pre-Existing Lawful Use Rights 

One of the most appealing aspects of this site is its pre-existing lawful use rights. These approvals allow the continuation of manufacturing, warehousing, storage, and logistics activities – an unusual advantage in a Medium Density Residential zone. This offers flexibility for potential purchasers, who can choose to retain the current operations or explore other development possibilities in line with the zoning. 

Unmatched Exposure and Accessibility 

Strategically positioned at a prominent signalised intersection, the property enjoys excellent exposure and easy access to major road networks. It also benefits from an array of essential services, including telecommunications, electricity, stormwater, and water connections. The balance of land on the site includes a bitumen car park with space for 46 vehicles, providing added convenience for visitors or employees. 

Proximity to Key Ipswich Amenities 

The location further enhances the site's appeal, with its proximity to major amenities such as the University of Southern Queensland's Ipswich campus, Ipswich Showgrounds, Ipswich Indoor Sports Centre, and a range of state and private schools. It is also near Ipswich Hospital and several major shopping facilities, making it a well-connected and highly desirable property.

"Given its zoning and the flexibility offered by its lawful use rights, this site presents a remarkable opportunity for a wide range of uses, from residential development to continued industrial operations," said Mark Creevey, Director of Ray White Special Projects QLD. "The location’s proximity to essential services, educational institutions, and major road networks makes it a highly strategic asset for any investor or developer." 

“The site’s rich history as the long-time home of Kingston & Wallace adds further appeal, offering a legacy of local industry while also presenting a new chapter for its future use,”said Andrew Doyle, Industrial Services Director from RWC Queensland. 

The property is being offered for sale via an Expressions of Interest campaign closing Thursday 17th October 2024 

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