Brisbane, 26 May 2016 –A private owner occupier has snapped up an industrial parcel in Queensland’s Moreton Bay region for $2.38 million.
CBRE’s Hugh Adnam and Dillon Murphy negotiated the sale of the 6,081sqm landholding at 133 South Pine Road on behalf of Van Riet Development.
The property benefits from a strategic position within the heart of Brendale’s industrial precinct, located in close proximity to users area including Super Retail Group, Aldi and Target.
Mr Murphy commented on the deal: “The rate acheived for this sale is the highest price per square metre in Brendale since the global financial crisis,” Mr Murphy said.
Mr Adnam said the property offered an outstanding opportunity to acquire a footprint in a prominent regional industrial location.
“This property offers a plethora of attractive benefits, including prime location, ample parking, outstanding transport amenity, easy access to arterial roads and state of the art fibre optic infrastructure,” Mr Adnam explained.
The purchaser plans to construct a low site coverage freestanding showroom with display yard.
The property also benefits from high profile street exposure, double access and manoeuvring onsite – all just 25 minutes from the Brisbane CBD.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.