111 Bandara StreetRichlands QLD 4077
Property Details for 111 Bandara St, Richlands
Last Listing description (March 2023)
Appearing on the market for the first time ever in over 60 years, 111 Bandara St represents an extremely rare opportunity to secure an enormous block of land with development potential within the South-West Industrial Precinct of Richlands, just 19.5km to the Brisbane CBD.
Zoned Industry Investigation, this large acreage property could be ideally suitable for a variety of industry activities, subject to further planning and investigation.
#BLOCK FACTS*:
- 51m street frontage
- 200m2 depth
- Existing Double Storey Brick Home
- Redevelopment Potential for Industrial Applications (STCA)
- Surrounded by Multiple Long Term Thriving Commercial Operations
- Near to Major Arterial Routes - Centenary Highway & Ipswich Motorway Direct Access within 5 minutes
- Brisbane CBD - 25 mins
- Brisbane Airport - 28 mins
*Note: all dimensions and times are approx.
Property History for 111 Bandara St, Richlands, QLD 4077
- 03 Feb 2023Sold for $2,750,000
- 12 Oct 2022Listed for Sale EXPRESSIONS OF INTEREST
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About Richlands 4077
The size of Richlands is approximately 5.0 square kilometres. It has 5 parks covering nearly 8.0% of total area. The population of Richlands in 2016 was 3598 people. By 2021 the population was 5621 showing a population growth of 56.2% in the area during that time. The predominant age group in Richlands is 20-29 years. Households in Richlands are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Richlands work in a professional occupation.In 2021, 26.30% of the homes in Richlands were owner-occupied compared with 31.70% in 2016.
Richlands has 3,072 properties. Over the last 5 years, Houses in Richlands have seen a 111.57% increase in median value, while Units have seen a 141.93% increase. As at 31 January 2026:
- The median value for Houses in Richlands is $935,107 while the median value for Units is $738,429.
- Houses have a median rent of $650 while Units have a median rent of $630.
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