A former motocross racing and training facility site in Chuwar in Queensland’s Ipswich region has been brought to market, offering significant development potential, according to the team at Savills Australia and New Zealand, who have been appointed to the sale.
The significant englobo landholding at 62 Coal Road, Chuwar Ipswich, spans 47 acres and until recently was the location of the 19 ha Tivoli Raceway motocross racing and training facility.
The property, which is perfectly situated within the Ipswich growth corridor, just 5.5km northeast of Ipswich CBD and 38km from the heart of Brisbane city, is proposed to be re-zoned as ‘Emerging Community’ under the draft Ipswich City Plan 2024.
Robert Dunne, Director, Commercial Sales at Savills said, “The Tivoli Raceway site, under the proposed rezoning, offers numerous potential development outcomes that, until now, have not previously been viable.
“The site’s tranquil, yet conveniently connected location offers a prospective buyer the opportunity to acquire a significant landholding on the doorstep of one of Queensland’s most coveted and liveable cities.”
Taliah Hodgkinson, Senior Executive at Savills, said, “With nearby Ipswich emerging as a vibrant, bustling urban hub, accessibility to the Brisbane River and CBD beyond that, this Chuwar land parcel is an ideal location for any range of development and expansion plans.
“With breathtaking landscapes and peaceful outlook, Chuwar epitomises the essence of suburban living,” Ms Hodgkinson added.
Chuwar’s serene suburban feel and proximity to both Ipswich and Brisbane CBD, offers residents easy access to a wide range of amenities, from shops, boutiques, eateries and entertainment, as well as healthcare and education options. Its strategic location ensures effortless connectivity via the Warrego Highway and other major roads and arterials.
Ipswich itself is the fastest growing city in Queensland, with the local government predicting its population is set to double over the next two decades, making the suburb a true epicentre of residential growth.
Nick Maclean, Director, Industrial and Logistics at Savills added, “With substantial public and private investments fuelling nearby Ipswich city’s growth, there’s never been a more opportune time to invest in the region.”