A premium marine and waterfront property in one of Brisbane’s key industrial precincts is up for sale, in a rare offering to the market.

The property at 30 & 30A Paringa Road in Murarrie, in Brisbane’s East, comprises a 1,883sq m facility with high-quality office and warehouse accommodation on a 9,301sq m site in the TradeCoast Industrial Precinct. 

It also has a wet lease area of 13,099sq m, with 230sq m of direct Brisbane River frontage. 

The property includes critical marine infrastructure including an engineered platform capable of handling significant loads (~350t) and significant and rarely available barge berthing, buoy mooring and wharfing facilities.

The asset will be taken to the market via an Expressions of Interest campaign run by Ben Hatch and Elliot Ryan of Knight Frank on behalf of the vendor.

Mr Hatch said the property was expected to appeal to a myriad of local, interstate and international purchasers seeking a critical marine, industrial or infrastructure investment opportunity in Brisbane’s tightly-held TradeCoast Precinct.

“This offering is a rarity in the market,” he said.

“As well as being located in one of Queensland’s most sought-after industrial precincts, the property provides Brisbane River frontage of approximately 230 metres and direct wet lease areas; an extremely rare attribute in Brisbane and across Australia’s east coast.

“A further drawcard for potential buyers is the site’s low coverage of around 20%, which provides opportunities for future expansion and development.

“Queensland’s industrial sector continues to have strong demand from various types of capital, particularly within well located locations, and we anticipate this property will generate significant demand.”

The Murarrie facility has all the expected amenity, along with a rooftop entertaining deck with sweeping views of the Brisbane River and Gateway bridges.

Mr Ryan said the property was in a central location in terms of access for industrial users.

“Murarrie is just 8.5 kilometres east of the Brisbane CBD,” he said.

“The site provides a central location to multiple major arterial transport routes including Lytton Road, the Gateway Motorway and Bridges and the Port of Brisbane Motorway. 

“This central, inner east location enables efficient access to Brisbane’s air and sea ports along with wider distribution channels across South East Queensland and interstate.”

“Murarrie is also situated within close proximity to established residential catchments, providing access to skilled labour, particularly within the marine industry.”

The Paringa Road property is well supported by a range of services including local cafes, restaurants and service stations, among other professional services and amenities.

The Expressions of Interest campaign for the property will close at 3pm on Thursday, February 27.

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