A leasing campaign is underway for a major industrial facility in Brisbane’s east, which will be available from mid to late 2024.

The property at 286 Queensport Road in Murarrie is currently occupied by Laminex, but with the company vacating next year, the space will become available for a new tenant.

The asset, which has a total gross lettable area of 21,531sq m on a 45,105sq m site is being marketed for lease by Knight Frank agents Ben Hatch, Andrew Doyle and Michael Callow and Jonathon Burrowes of CG Property.

The Frasers Property-owned asset will undergo an extensive refurbishment of both the office (1,520sq m) and warehouse (20,011sq m) components before a new tenant moves in.

Features of the Murarrie property include on-grade roller shutter doors with 4,455sq m of awning above, heavy duty concrete pavement for truck manoeuvring and loading and an ESFR fire sprinkler system. It also has 146 car parks.

Positioned 17 kilometres east of Brisbane’s CBD and adjoining the Gateway Motorway, this site provides key connectivity to both Brisbane Airport and the Port of Brisbane.

Mr Hatch said the offering represented the largest existing facility available for lease in Brisbane’s industrial market, which had been experiencing a shortage of space for several years.

“With very low vacancy in the market, coupled with strong demand from occupiers, we expect strong occupier interest in this high-quality quality industrial facility,” he said.

“It would suit occupiers including general warehousing, third party logistics groups or even large-scale manufacturers.”

Mr Callow said in addition to the features of the prime-grade space, another big drawcard was its strategic location in one of Brisbane’s prime industrial precincts, the Australian Trade Coast.

“Situated at the base of the Gateway Motorway and Bridge, the facility has efficient access to major arterials including the Port of Brisbane Motorway and Lytton Road, and critical transport infrastructure, including Brisbane’s air and sea ports,” he said.