This week’s commercial property transactions in Queensland reveal a healthy appetite across various sectors, with notable activity in Retail, Office, and Industrial spaces. Investors are showing keen interest in established office locations close to Brisbane's CBD, while suburban and regional properties continue to attract tenants due to affordability and accessibility.
Industrial assets remain a standout in the market, with properties offering versatile layouts and prime positioning in high demand, particularly in areas with growing logistical needs. Retail transactions reflect ongoing confidence in popular, high-traffic areas such as Brisbane’s West End. These transactions illustrate the resilience of Queensland's commercial property market, with strategic investments and leases underscoring the region’s appeal for long-term growth and stable returns.
Here is a breakdown of the week’s key commercial transactions by sector and location.
Retail
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West End, QLD
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Location: 5/349 Montague Road
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Tenant: Academy of Grounding
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Lease Terms: Two-year lease with an option
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Rent: $67,000 net per year
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Commentary: The West End’s inner-south location in Brisbane continues to attract tenants, highlighting demand for accessible retail spaces in vibrant neighbourhoods. This lease also reflects West End’s appeal to small businesses seeking high visibility and foot traffic in an established area.
Office
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Spring Hill, QLD
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Location: 12/541 Boundary Street
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Buyer: Victorian private investor
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Price: $1.39 million
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Details: 199 sqm office space with a balcony and three car parks; leased to an architectural firm with a net income of $93,575 and a yield of 6.73%.
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Commentary: Located close to Brisbane’s CBD, Spring Hill’s evolving healthcare and commercial landscape is making it an increasingly attractive investment area. The property’s stable returns and established tenant profile add to its appeal for long-term investors.
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Mitchelton, QLD
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Location: 520 Samford Road
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Buyer: KC Dry Cleaning
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Price: $1.55 million
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Details: 1,197 sqm site with an option for a five-year lease renewal and a yield of 4.75%.
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Commentary: This transaction illustrates the value of long-term tenancies in established neighbourhoods. With its prime location and a long-standing tenant, the site provides a steady income and capital growth potential.
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Chermside, QLD
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Location: 3/6 Corrie Street
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Tenant: Clean Homes Australia
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Lease Terms: 12 months
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Rent: $20,000 gross per year plus GST
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Commentary: Demand for smaller office spaces remains strong in suburban markets like Chermside, which provides affordable and flexible options for small businesses. This lease reflects ongoing demand for accessible office spaces outside the CBD.
Industrial
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Milton, QLD
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Location: 25 Parkview Street
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Buyer: David Mullins Automotive
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Price: $3.085 million plus GST
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Details: 519 sqm of warehouse and office space on an 811 sqm site with dual container-height roller doors.
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Commentary: This sale underscores the scarcity of industrial properties near the CBD with flexible configurations. Given Milton’s proximity to Brisbane’s core, such properties are highly valued by businesses requiring easy access to both industrial functionality and urban amenities.
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Baringa, QLD
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Location: 7-13 Carnegie Street, Aura Business Park
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Tenant: Sydney Tools
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Lease Terms: Seven-year lease
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Rent: Approximately $250 per sqm
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Commentary: As a national retailer, Sydney Tools’ expansion to Baringa highlights the strong demand for strategically positioned industrial spaces on the Sunshine Coast. This area is becoming a hub for large-format retailers and warehousing, benefiting from growing residential and business development in the region.
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Townsville, QLD
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Location: 647 Flinders Street
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Tenant: Dawn Services
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Lease Terms: Seven-year lease
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Rent: $207 per sqm net
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Commentary: This fully renovated warehouse and office property reflects the growing need for disability support service spaces. The landlord’s investment in modern fit-out and accessibility upgrades is well-aligned with tenant requirements, showcasing the benefits of adaptive property improvements in securing long-term tenants.
These transactions indicate a strong commercial property market in Queensland, with suburban and regional locations drawing interest from both tenants and investors. The industrial sector, in particular, remains robust, with high demand for well-located properties offering functional, modern spaces.
For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane
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