In a strictly off-market transaction, Nathan Moore, Director of Ray White Commercial Bayside, in conjunction with Ben Hatch of Knight Frank, negotiated the sale of an industrial site in Brisbane’s prime Trade Coast precinct.
The 3 hectare property located at 72 Aquarium Avenue, Hemmant consisted of a 2 hectare development site and a 1,200m²* warehouse facility which was occupied by a long-term tenant who will be retained as part of the buyer’s investment strategy.
A second tenant who had been utilising part of the dormant portion of the site vacated their lease by mutual agreement, which will allow the buyer to redevelop the 2 hectare parcel into a 10,000m²* high quality industrial and warehousing project, with completion scheduled for late 2022.
Nathan Moore, Director of Ray White Commercial Bayside, negotiated the complex transaction on behalf of the seller, with the buyer introduced by Ben Hatch of Knight Frank. The landmark deal resulted in a sale price of $16,225,000.
If you’re looking for a strategic partner for your commercial project in Brisbane’s Bayside or South East Queensland region, contact Nathan Moore at Ray White Commercial Bayside today.
RWC Bayside recently facilitated the successful sale of 109 Bloomfield Street, Cleveland, marking a key transaction for the area. This freehold shopping centre occupies a 744sqm* ‘Principal Centre’ zoned site, offering a valuable opportunity for future use and redevelopment. The property was held by a private interstate owner for an … Read more
The sale of 74 & 76 Andrew Street, Wynnum, demonstrates how strategic property management and a well-executed sales campaign can maximise value for a commercial property owner. Benn Woods and the team at RWC Bayside played a crucial role in positioning the property for sale by systematically improving lease structures … Read more