A large Ipswich development site has hit the market, for the first time in 50 years. 

Located at 274 Brisbane Street, West Ipswich, the large 1,720sqm site provides buyers with the opportunity to cash in on Ipswich’s huge projected growth. 

The site currently comprises four potential tenancies, with three current leases including Thomson Refrigeration and Air Conditioning, Costume Closet Ipswich and IndElec. 

The property is being brought to market by Ray White Special Projects agents Mark Creevey and Chris Czernik-Wojcicki, in conjunction with Ray White Ipswich agent Ben Ramsey on behalf of a private investor who has owned the property since the 1970s.

“The incoming purchaser will benefit from the significant holding income the asset currently generates,” Mr Creevey said. 

“The site is also earmarked for future principal centre zoning under the draft Ipswich Plan 2024, providing a wide variety of potential redevelopment options. 

“Ideally located, the property boasts dual street frontage and is exposed to approximately 7,900 vehicles passing daily, making it a prime opportunity for owner occupiers, investors or developers seeking maximum exposure and convenience.” 

Mr Czernik-Wojcicki said the Ipswich market was set to boom. 

“The Ipswich market is set to experience significant growth, with the population projected to more than double over the next two decades,” he said. 

“This is supported by an infrastructure investment boom including transport, education and health projects rapidly transforming the city. 

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