Summary of This Week’s Commercial Transactions in Queensland
This week’s commercial property market in Queensland displayed significant activity across retail, industrial, office, and hospitality sectors. Investors continue capitalising on strategic locations, stable lease agreements, and redevelopment opportunities. Notable sales include a historic Sandgate property transformed into a gastro-pub, key industrial sites in Ipswich and Burleigh Heads, and hospitality venues like the Pioneer Hotel in Kulpi, which plays a vital role in its local community. Here is an overview of the major transactions.
Retail
Arana Hills, QLD
Address: 270 Dawson Parade
Details: A local private investor acquired the Arana Hills Red Rooster for $2,385,220. The 215 sqm quick-service restaurant, located within Patrick’s Place strata complex, is leased to Craveable Brands Ltd under a 10-year agreement, achieving a 5.5% yield.
Industrial
Ipswich, QLD
Details: The first stage of the BrisWest industrial estate saw 11 out of 24 blocks sold, generating nearly $24 million. The 130-hectare development is located at the Cunningham Highway and Redbank Plains Road intersection and is expected to create over 8,000 jobs.
Burleigh Heads, QLD
Address: 2 Cahill Court
Price: $2,475,000
Details: A 450 sqm warehouse on 1,012 sqm of land was sold to an investor. The property features high clearance, multiple driveways, and potential for split tenancies, located with easy access to the M1 Motorway.
Darra, QLD
Address: Unit 9, 2676 Ipswich Road
Price: $1,600,000
Details: A freestanding 330 sqm industrial unit with modern facilities and high exposure to the Ipswich Motorway was sold to an owner-occupier.
Office
Goondiwindi, QLD
Price: $3.7 million
Details: A Services Australia-tenanted building sold for $3.7 million. The 2010-built property boasts a 5 Star NABERS rating and a new seven-year lease with the Commonwealth government.
Springwood, QLD
Address: 16 Cinderella Drive
Price: $5.1 million
Details: A 1,538 sqm office building was acquired by Image Realty. The property features healthcare tenants and 39 secure car spaces, offering stable income in Brisbane’s southern corridor.
Hospitality
Kulpi, QLD
Address: 22 Oakey – Cooyar Road
Price: Around $100,000
Details: The Pioneer Hotel, a community hub for the agricultural region, is fully equipped with a commercial kitchen, bar, and accommodation facilities. It continues to play a pivotal role in local events and social gatherings.
Sandgate, QLD
Address: 1 Bowser Parade
Details: The historic Sandgate Post Office building, built in 1887, sold for $4.1 million. The property has been transformed into an elegant gastro-pub featuring a main bar, whiskey vault, and alfresco dining.
This week’s transactions underscore the resilience of Queensland’s commercial property market, with investors actively seeking opportunities across diverse asset classes. From strategically located retail and industrial sites to regionally significant hospitality and office assets, demand remains strong for quality investments offering stability and growth potential.
For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane
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