An 8-hectare industrial site with development approval in a high-growth precinct in South East Queensland is up for sale.

The fully serviced and benched land at Lot 1171 Wood Street in Bundamba, within the Citiswich Industrial Estate, has approval for up to 31,155sqm of gross floor area in warehouse and logistics space.

The land has superb truck access including full B-Double approval to the site and 24/7 operations.

The Bundamba property is being taken to the market via an Expressions of Interest campaign run by Knight Frank’s Mark Clifford, Lachlan Hateley and Elliot Ryan, and JLL’s Sam Stewart and Harry Homan.

Knight Frank’s Mr Clifford said 1171 Wood Street would appeal to developers, investors and occupiers.

He said it was a rare opportunity to secure a large parcel of industrial land in a sought-after location, just 25 kilometres from the city’s CBD.

“This prime approved industrial land is situated in the heart of one of South EastQueensland’s fastest growing regions.

“Bundamba is located in the burgeoning western corridor which is one of the region’s most active industrial markets for both new development and leasing activity. 

“Combined with the significant growth of Ipswich and access to a large and rapidly expanding labour force, the Citiswich industrial estate has become an attractive option for existing and new businesses that operate in the South East Queensland industrial market.”

The Bundamba property is neighboured by national and global covenants including Costco, SAAB, Australia Post, Puma and Isuzu.

Located within three kilometres of the nexus of the Cunningham and Warrego Highways, Citiswich Industrial Estate provides efficient access to South East Queensland’s major arterial road networks and therefore has the unique ability to service the Brisbane, Ipswich and Logan cities.

JLL’s Mr Stewart said the flexible zoning overlay of the property allowed for a broad range of industrial use categories for occupiers and developers, which would appeal to a wide range of prospective end users.

“Industrial land opportunities within core industrial markets are almost non-existent, let alone large-scale assets such as this.

“The site presents owner occupiers with the opportunity to build a purpose-built facility with expansion land, depending on their immediate needs. 

“Developers have the opportunity to strengthen their development pipeline by building the approved scheme to benefit from the strong forecast rental growth.”

The Expressions of Interest campaign for the property will close at 4pm (AEST) onThursday, November 2.