This week, Queensland’s commercial property market showcased various transactions across office, industrial, and retail sectors.

Office

• Brisbane, QLD
  Address: 1/191 George Street
  Details: 111 Architectural Studio leased a 114 sqm office space on a two-year term for $37,500 per year net plus GST.
• Brisbane, QLD
  Address: 145 Ann Street
  Details: Aware Super acquired this 27-level A-grade office tower for $215.5 million. The property boasts high-grade environmental credentials and is a significant addition to Aware Super’s $3 billion property portfolio.
• Fortitude Valley, QLD
  Address: 88-96 Warren Street
  Details: A two-storey office building with a net lettable area of 1,801 sqm on a 2,335 sqm site was sold for $14.4 million plus GST. The property has a 15-storey height allowance and offers flexible zoning for a range of uses.

Industrial

• East Brisbane, QLD
  Address: 187 Wellington Road and 50-52 Manilla Street
  Details: Sentinel Property Group sold a fully leased 1,503 sqm property for $5.5 million. The site includes mixed-use zoning, dual street frontage, and generates $298,875 in net annual income with a yield of 5.43%.
• Townsville, QLD
  Details: Sentinel Property Group acquired a 5,441 sqm development site for $1.25 million to support the expansion of an adjacent facility.

Retail

• Mermaid Beach, QLD
  Address: 2/51 Peerless Avenue
  Details: A 111 sqm retail property on the ground floor of the Neo building sold for $850,000. It includes 79 sqm of internal space and a 32 sqm outdoor area, ideal for a café.
• Currajong, QLD
  Address: Tenancy 2, 232 Woolcock Street
  Details: NQ CARE leased a 1,289 sqm large format retail space for an emergency and specialist veterinary hospital. The five-year lease includes two three-year options at $190 per sqm plus GST.

These commercial property transaction activities in Queensland highlight diverse investment opportunities. Significant office transactions reflect strong institutional interest in Brisbane’s CBD, while industrial and retail deals demonstrate demand for both leased and development-ready assets. With standout sales across Brisbane and Townsville, the market shows resilience and growth potential.

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

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