Brisbane, 05 August 2015 – A local company has recently acquired one of the last development sites in the western corridor for $1.5 million.
The site, located at 462 Boundary Road, Richlands, covers 19,580sqm on a rectangular land parcel, nestled amongst recently developed high quality industrial facilities. The site benefits from prime main road location in close proximity to the Acanthus Street/ Harcourt Road overpass, allowing convenient access to the Ipswich Motorway, Logan Motorway and the Centenary Highway.
CBRE’s Jack Pershouse negotiated the sale on behalf of the private seller via an Expressions of Interest campaign.
Mr Pershouse said the sites rare positioning as a development opportunity in the heart of the western corridor contributed to a competitive sales campaign.
“The sites prime location in a proven industrial hub, underpinned by recent successful industrial developments and the presence of reputable businesses, appealed to a range of Brisbane developers.”
“The buyer was attracted to the sites strategic position in one of Brisbane’s most prominent developing industrial hubs and intends to develop the site into a purpose built industrial facility for their occupation.”
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