Scarce supply and a rare opportunity for small industrial lots are driving reaction to Expressions of Interest for stage 1 of Yarrabilba’s new Mixed Industry Business Area (MIBA).

The high-profile precinct, which lies in the rapidly expanding corridor between Brisbane and the Gold Coast, has 15 blocks available, sized from roughly 1000sqm to 4710sqm.

It’s being marketed by JLL in association with Donnelly and Associates, with the EOI campaign due to close on July 12.

JLL Associate Director, Industrial, Harry Homan, said the MIBA’s prime location in the growth corridor enhanced its appeal to a south east Queensland market that was starved for industrial stock.

“We’ve seen demand – and rates – for industrial property grow significantly during the last 12 months,” he said.

“Aside from one small-lot land release in Stapylton, which only has a few blocks left, there isn’t any competition for this kind of industrial offering.

“As the closest precinct to the south of Brisbane, reaching out to its western industrial precincts and then looking towards the Gold Coast, it presents an impeccable location.

“It’s also been strategically positioned near Yarrabilba’s future town centre for easy access to major arterial roads, including the Mt Lindsay Highway.”

Mr Homan said the chance to be part of a Lendlease masterplanned community was an extra drawcard for the EOI campaign.

“Certainly, where businesses aren’t tied to a particular franchise location or a piece of major infrastructure like the Port of Brisbane, this kind of location in a masterplanned community can be an attractive offering,” he said.

It’s a trend that can already be seen in Yarrabilba’s commercial precincts, where local outfits ranging from financial services to medical and wellbeing providers and childcare centres sit alongside high-profile brands including Coles, Storage King, Bridgestone, McDonald’s, Terry White Chemmart, Hoppy’s car wash and Snap Fitness.

Mr Homan said the MIBA parcel was pre-approved for a wide variety of uses, from showrooms and a garden centre to entertainment/recreation and low and medium-impact industries.

He sees particularly strong potential for showrooms, warehousing and self-storage.

“Agricultural supply premises or showrooms would also be a strong drawcard as there is a lot of farmland in the surrounding areas,” he said.  

All would tap into the ongoing evolution of the corridor stretching between Brisbane and the Gold Coast, which continued to enjoy tremendous residential growth in its masterplanned communities.

“This region is home to a lot of major workforces,” Mr Homan said.

“As well as Yarrabilba, which has a footprint just under half the size of Cairns, you also have Ripley Valley and Flagstone.

“They all link the Ipswich, Brisbane and Gold Coast CBDs together, so there are a lot of workers in those precincts.

“Yarrabilba is part of a booming growth corridor at the forefront of housing supply within south east Queensland, now and into the future.”

Paul Horsburgh, Director Industrial at Donnelly & Associates, said civil works for the precinct were set to start about July this year, with completion targeted for mid-2024.

“Reaction to this EOI campaign has been immediate and strong,” Mr Horsburgh said.

“This is a rare opportunity to acquire a small industrial lot in a part of the state that is currently starved for supply and competition to secure blocks will be fierce.”

The Lendlease Yarrabilba Mixed Industry Business Area answers pent-up demand for SEQ industrial land - JLL