The 4,164sqm IN2-zoned (General Industry B) property offered the purchaser an attractive blend of immediate holding income and future development potential.
The purchaser, an investor based in Singapore, was represented by Robert Martin of M Commercial, while the transaction was managed by Jack Gwyn and Jared Doyle of RWC Gateway.
“The asset was introduced discreetly to a select group of qualified investors and buyers agents,” Jack Gwyn said. This is the third transaction that Jack Gwyn and Jared Doyle have negotiated with the sellers.
The vendor, a local family, acquired the property in mid-2022 for $3,000,000 + GST, initially operating their business from the site before leasing it out in mid-2023.
“The sale result reflects a capital gain of over $1,000,000 in under three years, underscoring the sustained demand for industrial land within the TradeCoast precinct,” Jared Doyle said.
“This sale highlights continued investor appetite for well-located industrial assets with strong fundamentals in one of Brisbane’s most tightly held industrial corridors.”
