Located at 58 Spine Street, the site was sold with vacant possession in an off-market transaction through RWC Southwest’s Director Harry Egan.
The property was purchased by an owner-occupier, who is understood to be planning an exciting new development for the site.
Mr Egan said the result reflected both the strength of underlying occupier demand in Sumner and the scarcity of comparable sites coming to market.
"This is a new suburb record for Sumner, reflecting $3,869 Per sqm on a building rate and it shows just how tightly held these high-exposure sites are," Mr Egan said.
"Running the campaign off market allowed us to have direct conversations with the occupiers and developers who understood the value of this location, without putting the vendor's business through a public marketing process. That confidentiality was critical to securing vacant possession and the right outcome for our client."
Mr Egan said the sale highlighted the broader momentum building across Brisbane's western industrial precincts.
"Sumner continues to attract strong occupier demand on the back of its connectivity, and you've got excellent access to the Ipswich motorway, the centenary motorway and the key western transport routes, which gives occupiers straight links into major distribution networks and the wider SEQ region," Mr Egan said.
