Brisbane, 26 May 2016 – A private owner occupier has purchased a cold room facility industrial parcel in Queensland’s Moreton Bay region for $1.42 million.
CBRE’s Hugh Adnam and Dillon Murphy negotiated the sale of the 694sqm building on 5,737sqm landholding at 41 Sodium Street Narangba on behalf of Lion Dairy.
The property benefits from a strategic position within the heart of Narangba industrial precinct, located in close proximity to growing residential catchments such as North Lakes and Redcliffe.
Mr Murphy commented on the deal: “A targeted canvasing campaign of food users situated on Brisbane’s north side led to a very successful campaign.”
Mr Adnam said the property offered an outstanding opportunity to acquire a site with such low site cover and fantastic truck movability.
“The property was purpose-built in 2000 to function as a milk depot. The improvements are comprised of a single building, which provides a combination of cold room, storage and office/amenities,” Mr Adnam said.
The property also includes multiple loading docks, accessed from a large concrete hardstand area.
The purchaser plans to utilise the site as is with possible plans to expand the building footprint in years to come.
The property is situated within a “general industry” precinct in Narangba, a suburb which is 30 radial kilometres north of Brisbane’s CBD, forming part of the Moreton Bay region.
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