Slacks Creek Sales Yard Site Sold for $2.88 Million

13 July, 2017 / Aldo Bevacqua

Slacks Creek Sales Yard Site Sold for $2.88 Million

A substantial open air sales yard on a high exposure site with redevelopment upside (STCA) at Slacks Creek, south of Brisbane, has been sold at auction by Ray White Commercial Springwood for $2,880,000.

The approximately 3,434 sqm site over two lots with a 470 sqm building at 3471-3475 Pacific Highway, Slacks Creek, was sold under the hammer to a local investor by Ray White Commercial Springwood Managing Director Aldo Bevacqua.

Aldo Bevacqua said there were three bidders at the onsite auction for the vacant site.

“We had very keen interest in this property which enjoys approximately 80m of frontage to the Pacific Highway,” he said.

“This type of site has traditionally been transacted in off-market deals so it was rare for an offering such as this to be available for sale at public auction.

“This outstanding property has huge exposure to the highway and has more than 144,000 cars passing daily.

“Buildings on site include a fully-airconditioned showroom/office area and a warehouse with multiple container height roller doors.

“There is also a substantial sealed bitumen hardstand area. The site is zoned mixed use and is suitable for cars, boats and caravans as well as other uses.”