Northgate Industrial Park in Demand
A newly developed industrial estate at Northgate on Brisbane’s northside has been in demand with sales worth more than $6 million this year through selling agents Ray White Commercial (Qld) in conjunction with CBRE.
The 4.2ha subdivision developed by Chuan Xin Pty Ltd at 62 Crockford Street, Northgate, has been marketed by Ray White Commercial Qld’s Paul Anderson and Dan Munnich of CBRE.
Paul Anderson said six lots in the Northgate Industrial Park had been sold over the past six months to developers, netting sales of $6.3 million. He said only three of the original 20 lots remain available, with six lots being retained by the developers.
“It has been a pleasure to be the joint exclusive agent on this site, purely from the viewpoint that it attracts so much enquiry,” Paul Anderson said.
“When you think about it, this is the only small lot land supply currently on the market between Eagle Farm and Geebung. It’s quite simply gold!”
Dan Munich said: “Not only are the supply and demand factors in favour for the property; it has exceptional connectivity to the M1, Airport Link Tunnel, Nudgee and Toombul roads.”
Developer Vincent Liang of Chuan Xin Pty Ltd said the company had a clear vision from the beginning to provide an offering with a super high level of amenity.
“We have a licensed cafe and a brand new medical centre with ancillary facilities such as a 24 hour gym,” he said.
The Crockford St development comprises land parcels from 2,000 sqm to 8,000sqm (by amalgamation). Each lot is connected to power, water and sewer while there is NBN connectivity to Crockford St.
Northgate is approximately 15 kilometres to Brisbane’s GPO and approximately 10 minutes to Brisbane Airport.