Two neighbouring properties at 156 and 158 Oxlade Dr, New Farm, have sold for $10.2m. Picture supplied.TWO neighbouring riverside properties on one of Brisbane’s most sought-after streets have sold for $10.2 million to make way for a new boutique development.The sale was a long time coming for the vendors, who are in their 90s, as they were first approached by selling agent Ivo Kornel of Belle Property more than a decade ago. Two neighbouring properties at 156 and 158 Oxlade Dr, New Farm, have sold for $10.2m. Picture supplied.The two prime blocks of land at 156 and 158 Oxlade Dr, New Farm, sold to Azure Development Group, which plans to demolish the existing houses and build a high-end residential project on the two sites. MORE: Would you pay almost $5m just to bulldoze a house? “I doorknocked the owners back in 2006,” Mr Kornel said.“He said ‘go get me $6 million and I’ll sell it’. “Two weeks later, I had it, then he said; ‘no I want to clear $6 million in commission’.“Anyway, here we are in 2019!” Two neighbouring properties at 156 and 158 Oxlade Dr, New Farm, have sold for $10.2m. Picture supplied.Mr Kornel said the vendors had been living in one of the houses and renting out the other. The properties are on a bend in Oxlade Drive, allowing for views up and down the Brisbane River, as well as city views.He said the prestige property market in Brisbane was “very solid”. These two riverfront properties have just sold. Picture supplied.“I think a lot of people are seeing value in Brisbane and everyone wants to buy with that in mind,” Mr Kornel said.“You’re getting a lot more bang for your buck.”More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoThe Howard Smith Wharves development is also attracting more interstate buyers to New Farm. Howard Smith Wharves, Brisbane. Picture: Brisbane Tourism. MORE: Whopping $8.4m mansion sale sets new auction price record The Seymour Group’s latest project, The Oxlade, is also on Oxlade Drive, with a number of recent sales showing buyers are hungry for luxury apartments.The $100 million, six-storey development has been designed for owner-occupier buyers.Prices at The Oxlade start at $1.4 million for a two-bedroom unit rising to $2.995 million for a three-bedroom. An artist’s impression of The Oxlade in New Farm, Brisbane. Picture: Supplied.