Queensland Commercial Transactions Summary – This Week
This week saw strong activity in Queensland’s commercial property market, with significant transactions across retail, office, and social infrastructure sectors. Investors continue to show confidence in high-quality assets with secure leases, while tenant demand for medical and fitness spaces remains strong.
Retail
· 15 & 16, 511 Olsen Avenue, Southport, QLD
o Sold for $6.1 million
o A Gold Coast large-format retail investment leased to Powertec traded with a newly renewed 10-year lease starting in 2025. The property spans 1,248 sqm and generates a net annual income of $485,288.
· 47 Shore Street West, Cleveland, QLD
o Sold for $10.65 million
o A private investor acquired a newly built multi-tenanted large-format retail centre developed by Loney Bell Capital. The property, anchored by mycar, The Salvation Army, and Lifeline, sold on a 5.5% yield, reflecting strong demand for quality retail investments.
· Dawson Pde & Patricks Rd, Arana Hills, QLD
o Sold for $2.4 million
o A single-tenanted dental property leased to National Dental Care on a seven-year net lease was acquired by an offshore investor. The 101 sqm facility achieved a yield of 5.88%, highlighting strong interest in allied health investments.
· 3 Martha Street, Camp Hill, QLD
o Sold for $4 million
o A multi-tenanted retail property was purchased at auction. The property, anchored by Rays by Range Brewing and featuring a café, barber, and yoga studio, has a weighted average lease expiry of 6.39 years. The sale price reflected a 4.84% yield.
· 113 Commercial Road, Newstead, QLD
o Sold for $3.225 million
o This 371 sqm multi-tenanted retail asset, positioned next to Woolworths Metro, is leased to a café, bakery, botox studio, chiropractor, and barbershop, generating a net rental return of $192,400 per annum.
Office
· 31-33 Marshall Street, Goondiwindi, QLD
o Sold for $3.7 million
o A Centrelink-leased property attracted strong interest, selling at a 7.1% yield. The Brisbane-based investor secured the deal after a highly competitive campaign, reflecting continued demand for government-tenanted assets.
· 211 & 215 Moggill Road, Taringa, QLD
o Sold for $4.045 million
o Two older-style commercial buildings with 680 sqm of floor space were acquired by an interstate investor. Anchored by Lifeline Queensland and other tenants, the property produces an annual rental return of $232,418, with the sale price reflecting a 5.77% yield.
· 7-8/723 Albany Creek Road, Albany Creek, QLD
o Leased for $52,850 gross per year plus GST
o Onda Jiu Jitsu Academy signed a five-year lease with an option for a 151 sqm office space.
Social Infrastructure
· 52 Manning Street, South Brisbane, QLD
o Leased for $50,000 gross per year
o A chiropractor signed a three-year lease with an option over a 118 sqm medical space.
· 1/118 King Street, Buderim, QLD
o Leased for $80,000 net per year
o A breast cancer surgeon secured a five-year lease with an option over a 138 sqm medical building
Queensland’s commercial market remains resilient, with strong investor interest in retail and office assets, particularly those with long-term leases and stable rental yields. The sale of healthcare and government-tenanted properties underscores demand for essential service-based investments. Meanwhile, the leasing of medical and fitness spaces reflects growing tenant demand in these sectors. As confidence in the market continues, transactions are expected to remain strong into 2025.
For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane
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