McGees Wrap Up 27th of September 2024

September 26, 2024

This week’s commercial property market in Queensland saw significant activity across the industrial, office, and retail sectors. High demand for well-located assets, particularly in growth areas like Brisbane’s TradeCoast and suburban retail hubs, continues to drive strong investor interest. From multi-million dollar sales of industrial sites to a record-setting retail auction, these transactions highlight the ongoing confidence in Queensland’s commercial real estate market

Industrial:

31 Trade Street, Lytton, QLD

· Property: Vacant TradeCoast facility

· Sale Price: $4,125,000

· Details: A 3,064 sqm site with a 1,320 sqm warehouse and office, sold as a value-add opportunity in the high-demand TradeCoast precinct, close to the Port of Brisbane and Brisbane Airport. The property received 100 enquiries and 12 written offers.

100 Eastlake street,Carrara, QLD

· Property: Industrial and storage facility with caretaker’s residence

· Sale Price: $3,205,000

· Details: 776 sqm building with a lockup garage and residence on a 1,707 sqm site. Sold under the hammer after receiving 113 bids. The property last traded two years ago for $2.695 million.

Office:

239 Stafford road, Stafford, QLD

· Tenant: Curious Cat Psychology

· Lease Details: Five-year lease for a 230 sqm office suite at 239 Stafford Road

· Rent: $75,000 gross per year

· Commentary: The deal highlights the demand for suburban office spaces in Brisbane’s northern areas.

Retail:

19 Kessels Road,Coopers Plains, QLD

· Property: Hungry Jack’s-anchored retail centre

· Sale Price: $7.53 million

· Yield: 5.27%

· Details: A 613 sqm fast food hub on a 3,054 sqm site, with tenants including Subway, Pizza Hut, Zambrero, and Chinese Antique takeaway. The property attracted 722 inquiries and 31 bids, setting a new benchmark for multi-tenanted fast food investments in Queensland.

These transactions highlight ongoing demand for industrial, office, and retail assets across Queensland, reflecting strong investor interest in both value-add and stable, income-generating properties.

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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