The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSE SEPTEMBER 12 RECOGNISING THE INDIVIDUALS BEHIND THE PROJECTS
NOMINATIONS CLOSING SEPTEMBER 12 URBAN LEADER AWARDS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OfficeStaff WriterSun 16 Aug 15

Iconic North Lakes Site Sold For $3.5 Million

1

An iconic lakeside building at North Lakes in Brisbane’s outer north has been sold for $3.5 million to a leading Australian development company which plans to be build a boutique hotel and restaurant on the site.

The property at Lot 711 Lakefield Drive, North Lakes was sold off-market to Keymax Property Developers by Ray White Commercial Brisbane Northside’s Robert Rey and Ellie McGovern on behalf of a Melbourne-based family company.

Mr Rey said as well as being one of the most sought after locations in North Lakes, the site had a close connection to the community as the former sales office of developers Lend Lease and Stockland.

“The property has also been the head office of a local retirement village and a café is currently located on part of the site,” he said.

Mr Rey said the approximately 950 sqm building is situated on a land area of 5050 sqm and is the only commercial property in North Lakes located on the shores of Lake Eden.

“It is a truly iconic location and one Keymax have been keen to acquire for some time,” he said.

Ms McGovern said there was great anticipation about Keymax’s plans for the picturesque site as it will be the first hotel in North Lakes, which is approximately 25km north of the Brisbane CBD.

“This will be an exciting development for the North Lakes community which has been screaming out for something like this,” Ms McGovern said.

“The hotel and restaurant will be situated in a beautiful lakeside location. It will be a major attraction for the many young families in the North Lakes area and also for visitors.”

The North Lakes-based Keymax Group has been involved in a diverse range of property developments, investments and projects. It has successfully marketed and managed properties both in Australia and overseas.

RetailHotelAustraliaSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Woolloongabba Precinct Vulture St
Exclusive

Brisbane Developer in Cross River Rail Compensation Tussle

Clare Burnett
4 Min
The Mondrian Gold Coast hotel's food and beverage is driving profits
Exclusive

Touch, Taste, Theatre: What’s Driving Mondrian’s Success

Renee McKeown
6 Min
Fortis’ display suites are designed as brand environments first, with tactile details and curated design to build buyer confidence before project specifics.
Exclusive

Relevant or Redundant: Will Tech Kill Display Suites?

Vanessa Croll
7 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
View All >
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
The two towers, of 35 and 34 storeys, help cement the SA capital’s growing status as the best place in Australia for the…
LATEST
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
2 Min
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
3 Min
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/iconic-north-lakes-site-sold-3-5-million