This article is from the Australian Property Journal archive
MORE than $2.5 million in land has sold off-the-plan in a subdivision providing some of the last remaining small industrial lots in Brisbane’s core south precinct.
The remaining lots at Waratah Industry Park in Acacia Ridge at Loam St, Competition St and Research St have been released to the market.
Three of the 20 lots in the estate were sold off the plan in deals negotiated by Knight Frank agents Lachlan Hateley and David Knox and Raine and Horne’s Nick Comino and Joseph Grasso.
The three smaller lots, two of which were sized at 2,500 sqm and one of around 3,000 sqm, sold for prices ranging between $325 and $350 per sqm. One lot was purchased by an owner occupier, and developers picked up the two other lots.
Warapar Resources Pty Ltd developed the estate, and delivery of the project was managed by Mossport Project Management.
Knight Frank and Raine and Horne are marketing the remaining lots, which range in size from around 2,100 sqm up to around 47,370 sqm, with most under 5,000 sqm. The total sales value of these remaining lots is more than $30 million.
“These are the last small lots in Brisbane’s core south industrial precinct and Brisbane’s established, blue-chip industrial hub of Acacia Ridge, which has been land starved for many years,” Hateley said.
There lots can be amalgamated or subdivided.
The Waratah Industry Park has access to Beaudesert Rd, the Ipswich Mwy, Granard Rd and the Logan Mwy, and the Acacia Ridge Rail Intermodal is also located within close proximity.
