This week’s commercial property activity in Queensland showcases robust developments and significant transactions across multiple sectors, including hospitality, office, and industrial spaces. These events highlight Queensland’s appeal to investors and developers alike, from the acquisition of a significant holiday park in Avoca to the announcement of an innovative carbon-neutral office project in Townsville. Below is a summary of the notable developments and transactions.
This week’s Commercial Transactions in Queensland
Hotel & Hospitality
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Avoca, QLD
Address: 94 Twyford Street
Details: The Big 4 Cane Village Holiday Park was acquired by a private owner for over $7 million. The 1.8-hectare site features 106 sites, including powered campsites and cabins, and generates $1.3 million in annual revenue. The property also has DA approval for conversion into a 105-site manufactured home estate.
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Toowoomba, QLD
Address: 296 Ruthven Street
Details: The Spotted Cow Hotel was sold to Ben White for an estimated $5–6 million. The buyer plans to preserve the hotel’s heritage while enhancing guest experiences.
Office
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Enoggera, QLD
- Address 19/254 South Pine Road
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Details: Parklee Wellness leased a 146 sqm office unit for two years, paying $31,000 net per annum plus GST.
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Springwood, QLD
Address: 16 Cinderella Drive
Details: A 1,538 sqm office building was acquired by Image Realty for $5.1 million. The property features healthcare and medical tenants, flexible floor plates, and modern amenities.
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Mitchelton, QLD
Address: C/6 Blackwood Street
Details: Hermes Synergies signed a three-year lease for an 80 sqm office at $40,000 gross per annum plus GST.
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Fortitude Valley, QLD
Address: 88-96 Warren Street
Details: An education provider purchased a two-storey, 1,801 sqm office building for $14.4 million. The site, located near the Brisbane CBD, will be repurposed as an education hub.
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Townsville, QLD
Address: 158 Walker Street
Details: Castlerock has commenced construction on a 6,500 sqm carbon-neutral A-grade office building. Expected to be completed by mid-2026, the building will feature a 6-star NABERS energy rating, advanced green technologies, and a rooftop solar array. It will also provide retail space and join Castlerock’s Government Property Fund, which comprises $525 million in assets, 96% leased to state or Commonwealth governments.
Industrial
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North Lakes, QLD
Address: 2/26 Flinders Parade
Details: C & A QLD leased a 241 sqm industrial unit for five years at $55,000 net annually plus outgoings and GST.
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Morningside, QLD
Address: 2/525 Lytton Road
Details: One Solution Building Services signed a three-year lease for a 430 sqm warehouse and office at $85,000 annually.
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Acacia Ridge, QLD
Address: 17 Iris Place
Details: Sugar Research Australia secured a five-year lease for a 3,068 sqm office and warehouse facility. Following significant upgrades, the site will house research and testing activities.
Summary
This week’s activity demonstrates Queensland’s strong commercial property market, bolstered by diverse investment opportunities across the state. The launch of a sustainable office project in Townsville, significant hospitality acquisitions, and industrial leases reflect growing confidence in Queensland’s development potential. These developments underscore the state’s ability to attract local and interstate investors, highlighting its position as a innovation, sustainability, and growth leader.
For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane
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