Helmsman Invest has acquired its second significant land holding in Pinkenba recently settling on 412 Main Myrtletown Road for $7,500,000. The sale was negotiated by CG Property Group’s Dan Munnich & Tom Moloney on behalf of the vendor who is a Sydney based private client. 

Located just off Lomandra Drive, 412 Main Myrtletown Road is one of the closest freehold properties to the Brisbane Airport. 

The 11,030sqm property was sold with a lease in place to The Commonwealth of Australia ‘Border Force’ who have occupied the site for approximately 35 years. 

Mr Munnich said the property has changed hands three times since 2019 with each transaction showing the vendor’s healthy capital growth. The buyer, Bernie Mckeering was attracted to the strong tenant covenant and the location of the property being on the border of the Airport. 

Mr Mckeering said he has a strong belief in the future performance of the immediate area surrounding the Brisbane Airport due to limited future land supply and strong demand from quality tenants to base themselves in the Tradecoast. 

Mr Moloney added that Charter Hall are in the final stages of completing a 45,506sqm industrial warehouse development across the road at 57 Culya Street which was leased by CG Property.  

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