A premium Australia TradeCoast industrial site with significant future  development potential has transacted for $5,575,000 to Queensland developer, The Potter Group. 

The 3,710sqm freehold site at 344 Fison Avenue East, Eagle Farm was transacted by Colliers  Queensland Industrial experts Angus Yule and Bowen Wang on behalf of a valued private client.  

Colliers Queensland Industrial Senior Executive Angus Yule said this highly sought-after opportunity  generated significant interest, particularly from developers and owner occupiers leading to a market leading result. 

“As the only industrial property on the market in Eagle Farm being sold as a vacant possession, the  campaign generated strong interest given the lack of supply in the TradeCoast market and future  development upside,” Angus Yule said 

“With the Australia Tradecoast being a land constrained market, we see hightened demand that has  resulted in strong sales results for vendors, with this site achieving a land rate over $1,500/sqm. 

“Over the past decade, raw industrial land values in the Australia TradeCoast have risen by 136 per  cent, including a 57 per cent increase in the last five years alone, highlighting the area’s high demand  and limited supply. 

“The purchaser had been looking for a site like this for a new development of industrial strata units and this site provided the perfect opportunity,” Angus Yule added. 

Colliers Queensland Industrial Executive Bowen Wang said the combination of the site’s prime  location, superior accessibility, and versatile design made it an attractive option for buyers seeking a  premium industrial investment with strong future potential. 

“This site was a unique offering that featured a freestanding, metal clad industrial facility located in  the heart of the established industrial precinct of Eagle Farm,” Bowen Wang said.

“Strategically positioned just 8 radial kilometres from Brisbane’s CBD, this industrial facility offers  direct connectivity to major arterials through the nearby Gateway Motorway, facilitating easy  transport to key commercial hubs. 

“Capital values in Australia TradeCoast remain 20 to 25 per cent higher than other Brisbane industrial  precincts due to well developed infrastructure, including its proximity to the port and airport, which  continues to drive higher demand,” Bowen Wang added. 

The Eagle Farm precinct has evolved into a significant hub for leading national and international  businesses across various sectors, including manufacturing, food and beverage, construction  materials, machinery and equipment, plastics and chemicals, warehousing, transport, and  distribution. Prominent companies with operations in the area include Australia Post, StarTrack,  G.James, Toll, DHL, Reece, AutoNexus, Sci-Fleet, Tesla, Amazon, GWA, EB Games, Videopro, Linfox,  Bevchain and Mainfreight.  

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