04/09/2025

McGees Wrap Up 5th of Sep 2025

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Market Overview

Queensland’s commercial property market recorded a rebound this week, with notable transactions across industrial, retail, mixed-use and lifestyle sectors. Buyer sentiment remains cautiously optimistic, buoyed by tenant demand, strategic positioning, and infrastructure connectivity. Investor appetite for secure, income-producing retail and industrial assets continues to outpace supply, while demand for regionally located residential land with planning approvals is gaining momentum.

This Week’s Highlights

Industrial & Logistics

Address Buyer Price Asset Type Notes
69 Rivergate Place, Murarrie Clarence Property $42M Yamaha HQ – 11,353 sqm GLA National training facility with 3.6-year WALE; strategic TradeCoast location; acquired for Clarence’s Diversified Fund

Transaction Summary:
Clarence Property secured Yamaha Motor Australia’s regional HQ in the Australia TradeCoast precinct. The tilt-panel facility includes 2,213 sqm of premium office and 9,140 sqm warehousing. The transaction affirms investor demand for defensive, infrastructure-connected assets.

Retail & LFR

Address Buyer Price Details Notes
2 Harbour Rd, Hamilton Private investor $4.46M Anytime Fitness 636 sqm strata, 5.88% yield – tightest since 2020
260 Moggill Rd, Indooroopilly Private investor Undisclosed Frankie4 Footwear 535 sqm, leased to 2029 – best LFR sale rate since 2023

Transaction Summary:
Two single-tenanted retail assets attracted 326 enquiries in total. Strong competition, even with above-benchmark rents, reflects private capital's appetite for secure income streams and nationally branded tenants.

Development Sites / Mixed Use

Address Buyer Price Size Notes
41–43 Aerodrome Rd, Maroochydore Devcon Property Group $12M 4,187 sqm Ex-Sizzler site; mixed-use potential to 37.5m height; 150m from beach

Transaction Summary:
Devcon secured this strategic beachside site in Cotton Tree for a future mixed-use redevelopment. Zoning supports hotel, healthcare, multi-res, and retail. High enquiry levels reflect sustained developer interest in the Sunshine Coast.

Residential (Lifestyle / Land)

Address Buyer Price Details Notes
73 Limestone Creek Rd, Yeppoon Lincoln Place $14.035M 31.25ha 401-lot DA-approved over-50s community; largest in Central QLD

Transaction Summary:
Lincoln Place continued its Queensland expansion, securing a regionally significant site for its Lincoln Lifestyle brand. Development will target the over-50s market with 2–3 bed homes on 400 sqm lots.

Leases

Tenant

Location

Area

Term

Rent

Chaan Thai Restaurant

147 Latrobe Tce, Paddington

143 sqm

4 yrs

$132,000 gross

The Alchemy Studio

306 Oxley Rd, Graceville

80 sqm

3 yrs

$40,000 gross

Tattoo Shop

2128 Sandgate Rd, Boondall

35 sqm

3 yrs

$12,000 net

Engineering Materials & Evaluation

36 Boothby St, Kedron

367 sqm

5 yrs

$69,000 net

Fence Hire Australia

Stapylton Jacobs Well Rd, Stapylton

2,440 sqm hardstand

2 yrs

$95,000

General News

Tourism-Led Growth: "Australia’s Holiday Highway"

  • The Crisafulli Government launched a campaign promoting the Pacific Coast Way (Gold Coast to Cairns) as a national tourism route under the Destination 2045 strategy.

  • The campaign supports Queensland’s goal to double tourism spend to $84B by 2045 and add 40,000 new hotel rooms.

Positive impact on Commercial Property

Increased demand for regional hospitality, retail, and accommodation assets

 

As road-trip tourism increases, travellers are more likely to stay in regional towns, creating sustained demand for:

    • Motels and caravan parks

    • Roadside cafés, pubs, and quick-service retail

    • Visitor services like convenience retail, fuel stations, and tour operators

This naturally boosts revenue for existing assets and enhances the viability of new commercial developments in these areas, particularly along the Pacific Coast Way and supporting inland routes like the Matilda Way and Great Inland Way.

 

Greater development opportunities along key tourism corridors

 

Tourism corridors see seasonal and year-round footfall that make new hospitality or mixed-use projects more financially viable. Investors and developers are more likely to pursue:

    • New hotels, eco-lodges, and glamping sites

    • Retail strips or highway service centres

    • Destination-led commercial hubs (for example, artisan markets or food precincts)

Councils may respond by rezoning or fast-tracking approvals in these targeted corridors, further incentivising development.

 

Reinstated government funding enhances certainty for long-term investors

 

Under the previous government, Tourism and Events Queensland’s budget was set to be cut by nearly 50 per cent. The Crisafulli Government reversed this, reinstating funding that underpins:

    • Nationwide and international marketing

    • Support for regional events

    • Tourism infrastructure partnerships

For long-term investors, this signals policy stability and economic support, making it more attractive to commit capital to regional commercial property, especially in sectors tied to visitor spend.

Final Take

This week marks a diverse and dynamic return to form for Queensland’s commercial property scene. Activity spanned premium industrial acquisitions, tightly held retail investments, regional land development, and prominent coastal sites—all supported by strong demand fundamentals. Meanwhile, the state’s renewed tourism push reinforces confidence in regional assets and experience-driven precincts.

References

  • Herde, C. (2025, Aug 30). Fund secures a berth. The Courier-Mail, p.43.

  • Herde, C. (2025, Aug 30). Making waves at Yeppoon. The Courier-Mail, p.43.

  • Herde, C. (2025, Aug 30). Plans for old Sizzler site. The Courier-Mail, p.44.

  • Herde, C. (2025, Aug 30). Investors’ appetite grows for quality retail assets. The Courier-Mail, p.45.

  • Leases. (2025, Aug 30). The Courier-Mail, p.45.

  • Queensland Government. (2025, Aug 28). Queensland drives tourism growth on Australia’s Holiday Highway. statements.qld.gov.au

  • Courier-Mail. (2025, Aug 28). Beaches, parks and lakes: Qld's ambitious tourism push. couriermail.com.au

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

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

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