The property was sold by Ray White via an expressions of interest campaign, subsequent to a 12 month period on the market with an alternate agency. Enquiry for the property was strengthened by the Port of Brisbane Pty Ltd announcing the development of a new $100 million international cruise ship facility, facilitating significant trade and economic growth for the region.

The site comprises a regular shaped, inside allotment providing a generally level contour. The improvements comprise a modern, freestanding industrial building built upon a 4,000m2, ‘General Industry’ zoned site. Improvements comprise clearspan, high bay warehouse accommodation with large awnings accessible via 4 container height roller doors, in addition to commercial grade office accommodation.

The improvements have a total lettable area of 1,004m2, comprising 279m2 of office space and 725m2 of warehouse space. The improvements reflect a low site cover of 25%, and an office content of 28%.

Major features of the property include a large concrete hardstand area of circa 2,500m2, providing excellent circulation, in addition to container set down and truck turning at rear and a service pit.

The property’s location is well recognised by the market, situated within the Australia trade Coast. The location offers easy access onto the M1 (Gateway) motorway network, and excellent proximity to key infrastructure including the Brisbane Airport.

Sale Overview
Sale Price:$2,850,000
Sale Date:February 2018
Income:Vacant Possession
Land Area:4,000m2
GFA:1,004m2
$/m2 lettable:$2,839
I$/m2 site area:$713