A 1,680sqm* prime industrial site at 33 Canberra Street, Hemmant has sold for $7.5m in an off- market transaction showing the uplift in demand for the tightly held Hemmant industrial precinct.

Negotiated by Colliers agent James Wilkie, the freestanding asset delivered a market yield of 3.42% and capital value rate of $4,464/sqm as the industrial sector continues to achieve record- breaking results.

Off the back of record low vacancies and extremely low levels of supply, the high return on this asset proves the Brisbane growth area is far from slowing down.

“The industrial market is currently under supplied for owner occupiers in TradeCoast and opportunities for owner occupiers to acquire property like this are rarely available,” Said James Wilkie.

“The incoming purchaser was aware of the market conditions and was able to secure the property seeing the potential for serious repositioning opportunities.”

Despite interest rates rising, the owner-occupier’s purchase represents a land area of $1322 per sqm and strong competition to secure industrial assets in the Australia TradeCoast growth precinct.

Attracted to the potential use of the A-grade concrete tilt panel, the industrial asset features quality ground level office, adjoining the rear is the warehouse providing clear span accommodation with good natural lighting and a wide hardstand frontage.

To request a sales analysis please contact the selling agent Colliers agent James Wilkie, via the below contact details.