Queensland Commercial Property Wrap - Week Ending 12 June 2025

Market Overview

Queensland’s commercial property market continues to demonstrate depth and diversity. Investor appetite remains strong across core sectors—hospitality, childcare, industrial, and retail—while owner-occupiers are driving demand in suburban and fringe office markets. The Gold Coast and inner Brisbane also remain hotspots for high-value development activity, with offshore capital flowing into luxury precincts and strategic redevelopment sites.

This Week’s Highlights

• Hospitality: $26m acquisition sees the former Quest South Brisbane reborn as Hotel Diana.
  
  

• Development: Luxury beachfront tower set for Main Beach after $55.68m site sale.
  
  

• Retail: Prestige Group secures flagship site in Brisbane’s luxury corridor.
  
  

• Industrial: Owner-occupiers remain active in fringe industrial locations.
  
  

• Childcare: Karana Downs centre snapped up sight unseen, showing strength of the asset class.
  
  

• Office: Owner-occupier office purchases dominate across Brisbane and the Sunshine Coast.
  
  

Hospitality

50 Water Street, South Brisbane

The Quest South Brisbane has been acquired for $26 million by Samdoo Corporation and rebranded as Hotel Diana. The property includes 62 serviced apartments and resort-style amenities and is set for refurbishment. Located near the Mater Hospital and Queen’s Wharf precinct, the asset is strategically positioned ahead of Brisbane’s 2032 Olympic Games.

Land & Development

3555 Main Beach Parade, Gold Coast

ODUS, backed by Metrics Credit Partners, purchased this $55.68 million beachfront site. The 21-storey ARI Main Beach project includes 31 luxury apartments and exclusive resident amenities. Construction is already underway, with completion due by early 2028.

Retail

201 Elizabeth Street, Brisbane CBD

Singapore-based Prestige Group purchased this mixed-use retail and office asset for $9 million, reflecting a 5% yield. Located in Brisbane’s luxury precinct opposite the Wintergarden, the two-storey building is near Cartier and Rolex boutiques. With short-term leases in place, the new owner is expected to reposition or occupy the property.

340 Wardell Street, Enoggera

A Guzman y Gomez drive-thru investment sold for $7.8 million, achieving a national record yield of 4.36%. The 25-year lease offers long-term security in a high-traffic location just 5.5km from Brisbane CBD.

Industrial & Warehouse

9–19 Bimbil Street, Albion

This $6.05 million flood-free industrial site includes three existing buildings and a total net lettable area of 1328 sqm. Located on a 2342 sqm site, the property is being refurbished for future leasing and longer-term redevelopment.

12/4–6 Tectonic Crescent

Two freestanding warehouses totaling 714 sqm sold for $2.629 million. The buyer was a local owner-occupier.

32/17 Bowen Bridge Road

An 81 sqm industrial unit changed hands for $315,000. The buyer was also an owner-occupier.

5/24 Finsbury Street

A 119 sqm office/warehouse was acquired for $708,000, showing continued demand for small-scale mixed-use assets.

Childcare

171 College Road, Karana Downs

A 67-place centre operated by Sparrow Early Learning sold for $2.8 million on a 5.56% yield. The 462 sqm facility sits on a large 2,396 sqm block and was acquired by a Sydney investor without an inspection. The buyer flagged future redevelopment potential.

Just in case you are interested in Child Care business, McGees, led by Hugh Meck, has the below properties for sale

For Sale | Childcare Centre Investment - Beenleigh Montessori Early Learning Centre

FOR SALE | DA Approved Childcare Development Site

Office

11/996 Anzac Avenue, Petrie

This 68 sqm strata office unit sold for $338,888 to an owner-occupier. The site offers main-road exposure and suits small businesses seeking a secure long-term base in the Moreton Bay region.

7/710 Brunswick Street, New Farm

A 63 sqm commercial suite sold for $640,000, also to an owner-occupier. Located in Brisbane’s inner north, the property offers rare street-front presence with strong local amenity and transport connectivity.

6/4–6 Innovation Parkway, Birtinya (Sunshine Coast)

A 585 sqm office space sold for $2.47 million. The modern fitout and location near the Sunshine Coast Health Precinct makes it attractive to medical and allied health users.

Final Take

This week’s results show continued momentum in Queensland’s commercial market, with owner-occupiers actively securing smaller office and warehouse assets. Larger institutional and international investors remain focused on landmark developments, long-tenure leases, and prime CBD or lifestyle positions. As interest rate expectations ease and the 2032 Olympics draw nearer, confidence across asset classes remains high.

References (APA Style)

Herde, C. (2025, June 12). Hotels a hot property. The Courier-Mail, REALCOMMERCIAL.COM.AU, 65.

Herde, C. (2025, June 12). Sold, tenanted, site offers up the whole enchilada. The Courier-Mail, REALCOMMERCIAL.COM.AU, 68.

Herde, C. (2025, June 12). Flood-free rarity excites. The Courier-Mail, REALCOMMERCIAL.COM.AU, 69.

Herde, C. (2025, June 12). Childcare a sought after investment. The Courier-Mail, REALCOMMERCIAL.COM.AU, 69.

The Courier-Mail. (2025, June 12). Sales. REALCOMMERCIAL.COM.AU, 69.

Holley, L., & Schlesinger, L. (2025, June 12). Singaporean fragrance retailer snaps up asset in Brisbane's luxury precinct. Green Street News.

Let me know if you'd like this laid out as a newsletter, social post, or formatted for publication.

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.

Liability Limited by a Scheme approved under Professional Standards Legislation