Hi-tech space in a sought-after business park in Brisbane is being offered to the market for sale and/or lease via an Expressions of Interest campaign run by Knight Frank and Madsen Property.

The offering is situated within the Brisbane Technology Park (BTP) at Eight Mile Plains, in an industrial/tech property at 45 Brandl Street, which consists of a 1,517sq m modern freestanding facility on 4,246sq m of land, with 36 onsite marked car parks.

Part of the facility is already leased to the ASX-listed Nu-Mega Ingredients, which is occupying 33 per cent of the net lettable area or 497sq m, at a net income of $143,170 per annum net.

The remaining 67 per cent - or 1,020sq m - of net lettable area is now available for a new occupant.

The available space is currently configured to high quality office accommodation with the remainder of the tenancy being high clearance warehouse space, which could be easily converted to alternate uses including office, tech or medical/life sciences.

Knight Frank’s Christian Sandstrom, who is marketing the property for sale or lease with colleague Lachlan Hateley, in conjunction with Ken Madsen of Madsen Property, said it was ideally suited for a partial owner-occupier or a value-add investor.

“This is an outstanding opportunity for a value-add investor, or owner-occupier who can immediately occupy the vacancy while collecting the supporting rental income from the existing tenant,” he said. 

“For an investor it’s a value -add opportunity, with the potential for a fully leased net income totalling approximately $429,000 per annum.

“The sizeable land holding also provides future development potential for additional gross floor area on site.”

Mr Sandstrom said the property was situated within Brisbane’s southern corridor, offering unrivalled access to major transport arterials. 

“It’s located in Brisbane’s leading business park, the tightly-held Brisbane Technology Park, which is only 12 kilometres from the Brisbane CBD,” he said.

“BTP is located at the junction of Brisbane's south arterial road network, offering unrivalled connectivity to the Pacific and Gateway Motorways, as well as Logan Road. 

“Eight Mile Plains will further benefit from the QLD Government's transport infrastructure spending, with the Brisbane Metro public transport project aiming to better connect the suburb and surrounding suburbs to the Brisbane CBD, Royal Brisbane and Women's Hospital and the University of Queensland. 

“The proposed Metro Station located in Eight Mile Plains will further enhance accessibility to and from BTP for employees within the precinct.”

Mr Hateley said there was currently a shortage of assets in the market of the nature of the Eight Mile Plains facility, so it was expected there would be strong demand from potential buyers and tenants.

“45 Brandl Street has both a high office component and significant on-grade parking, which will suit businesses requiring ease of access of parking for their clients and staff,” he said.

“Given the low vacancy across the Brisbane Technology Park we anticipate strong interest from a range of different business users that are located both within the existing park for expansion purposes and/or companies wanting to secure a space in the sought-after business park.

The For Sale or lease via Expressions of Interest campaign for the Eight Mile Plains property closes at 4pm on Thursday, March 30.

For more information contact the agents via the contact form below.