A $1,690,00 sale in Brisbane’s booming southern industrial corridor, has set a record rate per square metre in the area, showing the huge demand for industrial assets as the Brisbane 2032 Olympic and Paralympic Games approach.

The 284sqm property at 47 Weaver Street, Coopers Plains, was sold by Corey Allerton of Colliers.

The campaign concluded early due to overwhelming interest, with over 350 inquiries and 11,000 online views.

Colliers Queensland Industrial Executive Corey Allerton said Brisbane’s Southern Industrial Corridor was experiencing a surge in demand for small freehold facilities, with this warehouse, which is more than 16 years old, attracting more than 350 enquiries and over 11,000 online views.

“We received more than 20 offers, with intense competition from half a dozen buyers in the final week, and due to this high level of interest, we concluded the expressions of interest campaign a week early,” Corey Allerton said.

“Setting a new benchmark with a capital value of $5,951/sqm, this is a record sale reflecting the significant capital value increase for the area.

“The successful cash buyer of the vacant industrial property was a local landscaping company looking to relocate their business.

“We are seeing more and more businesses wanting to place themselves in SEQ in the lead up to the Brisbane 2032 Olympic and Paralympic Games,” Corey Allerton added.

The property is situated in the industrial and logistics hub of Coopers Plains, just 11 kilometres from the Brisbane CBD, boasting excellent connectivity to the Southeast Queensland market, thanks to its close proximity to major arterial roads such as the Centenary, Ipswich, Pacific, Gateway, and Logan Motorways.