Showing continued demand for industrial assets in the Australia TradeCoast, this 3,064 sqm site at Lytton has sold for $4,125,000 to a local private investor. 

Transacted via a successful expressions of interest campaign by the Colliers team of James Wilkie and Angus Yule, 31 Trade Street Lytton, located in the highly sought after Australia TradeCoast, was  sold on behalf of Early Bird Steel. 

Colliers Queensland Industrial Senior Executive James Wilkie said the Australia TradeCoast area was in high demand from investors as it held a strategic position in close proximity to both the Port of  Brisbane and Brisbane Airport, making it a critical hub for the movement of goods to and from  Queensland. 

”This strategic importance has attracted a growing number of investors and owner-occupiers with a  record 100 enquiries and 12 written offers on this property alone, showing demand is not slowing  for this precinct,” James Wilkie said. 

“With the lack of available options on the market, when opportunities like this arise, businesses are keen on establishing their presence in the precinct, especially in the lead up to the 2032 Olympics. 

“Unprecedented levels of infrastructure development underway in South East Queensland due to significant population growth as well as the upcoming Brisbane 2032 Olympic Games is having a  considerable flow on effect to the industrial sector. 

“The industrial occupier market is particularly tight, with continued demand for land and hardstand  driving record breaking sales and leasing transactions, with no signs of slowing down,” James Wilkie  added. 

Early Bird Steel is a family owned business that had been operating at this site since 2013 providing a range of steel to suit all building requirements. They sold the site to a local private investor who  saw this as a great value-add opportunity to capitalise on the strong rental demand in the  TradeCoast precinct.

Colliers Queensland Industrial Executive Angus Yule said the competitive on-market campaign process achieved a record-breaking result. 

“Representing a record building rate of $3,125/sqm for a secondary B-grade metal-clad warehouse,  this transaction represents the strong demand in the market for assets in the core TradeCoast  location,” Angus Yule said. 

“Sold as a vacant possession, this highly sought-after 1,320 sqm warehouse/office facility generated  record amount of demand due to the rarity of this offering in the tightly-held TradeCoast. 

“South East Queensland is further going to benefit from the continued momentum and build-up  towards the Brisbane 2032 Olympic and Paralympic Games with Federal and State Government  investment in new infrastructure such as stadiums and public transport,” Angus Yule added. 

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