The 2.17 hectare site is 44km north of Brisbane’s CBD. Image Supplied
  • 2.17 hectare site was sold in a week, with three interested buyers
  • Queensland sale was handled by CBRE

Helmsman Invest has divested an industrial site covering 2.17 hectares to a self-storage business.

The site in Morayfield, which is 44 kilometres north of Brisbane’s Central Business District, borders Morayfield Woolworths along Market Drive and Church Street is a 2.17-hectare site.

The facility consists of approximately 7,466 square metres of warehouse space over multiple buildings.

The industrial investment totals $8.8 million.

The location of the site – near Morayfield Shopping Centre which consists of the two big supermarket chains along with Target, Kmart, Big W, BBC Cinema and over another 150 speciality stores – made the deal more attractive.

CBRE’s North Brisbane Industrial and Logistics Team, consisting of Hugh Adnam and Dillon Murphy, negotiated the sale on behalf of Helmosman Invest in a unique off-market deal.

The team approached Helmsman Invest – despite the fact they had settled on the facility only a week prior – to see if they would consider an offer.

“This site lends itself perfectly to its future use as a self-storage facility,” said Mr Adnam

The team believed the shortage of appropriate storage facilities in the local area contributed significantly to the success of the sale.

According to CBRE, the warehouse space will offer a secure return and offers development upside.

“Once we highlighted to Helmsman Invest what price we would be able achieve, we had three potential purchasers lined up and had secured a contract within a week for $8,800,000,” Mr Murphy added.

You May Also Like

“Sydney setting the pace”: CBD office rents march higher

Cushman & Wakefield’s quarterly Office Marketbeat reveals 2.9% quarter-on-quarter uplift in Sydney

Canberra office market shows impressive resilience and growth

The market is underpinned by low vacancy, large developments in the pipeline and strong rental growth

Accenture and Lendlease to expand data insights platform

The platform which uses AI and virtual reality will be expanded to increase digital and in-store visits.

Demand for life science assets on the rise in Australia

Australians are getting older and this is contributing to the increase in demand for life science assets across Australia

Experts Corner by The Property Tribune

Ko & NPA partner to launch several co-owned luxury properties at Mermaid Beach, Gold Coast

Ko's partnership with NPA Projects provides more opportunities to co-own off-the-plan holiday residences, including exclusive Gold Coast properties

Continue reading

Top Articles

Expert tips on how to be a successful property investor

Property expert and buyer's agent, Lloyd Edge, shares his insights.

Australian commercial property update: Industrial and tourism assets lead the pack in trying times

Commercial assets have faced volatility recently, driven by financing changes and demand fluctuations from institutions and funds.

WA has emerged as a property investment hub, and why that's a good thing

Eastern investors chase Perth's affordability, doubling the distance between home and investment in 2023, reveals MCG research.