One of Australias top caravan suppliers sets up camp in Burpengary
One of Australia's top caravan suppliers sets up camp in Burpengary
| 4 October 2019
J.B. Caravan Sales Pty Ltd has inked a new lease on a 10,000sqm industrial site north of Brisbane.
CBRE’s Dillon Murphy and Hugh Adnam negotiated the five-year lease with two five-year options at $335,000 per annum gross, including outgoings and GST.
Mr Murphy said 284 Bruce Highway was an iconic site situated within one of Australia’s leading Caravan Retail corridors.
“After having previously worked with J.B. Caravan’s in Melbourne, Sydney and the Gold Coast, we were engaged once again to assist the company in expanding its business,” Mr Murphy continued.
The property at 284 Bruce Highway, Burpengary, offers frontage to two streets, including exposure to Bruce Highway.
Mr Adnam said this was one of the main attractions for the new tenant and a feature that would increase in value when development schemes for the rear section of the site were considered.
“The level of exposure on offer appealed to the tenant’s requirement for high visibility to substantial volumes of passing traffic,” Mr Adnam added.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.