The $16.85 million sale of a 4.26ha site in the Yatala Enterprise Area, one of the fastest growing industrial precincts in south east Queensland, adds to strong sales in the area.
Sold by Colliers Queensland agents David Brisk and Nick Evans, the 4.6ha site with a 3,993sqm building at 183 Burnside Road in Stapylton was sold to Brisbane Isuzu.
Colliers Queensland Director of Industrial David Brisk said Brisbane Isuzu were drawn to this location due to the strong population growth and depth of customer demand from the booming industrial precinct.
“There was significant interest in the site as it was in a great position with the opportunity for future expansion,” David Brisk said.
“This acquisition further increases Brisbane Isuzu’s service offering across South East Queensland.
“We look forward to watching the property transform and be repurposed into a state of the art truck sales and service facility.
“Colliers Queensland have transacted over $250m of industrial assets in the Yatala Enterprise Area in the last two years,” David Brisk said.
Colliers Queensland Director of Industrial Nick Evans said 183 Burnside Road, Stapylton was located within a short drive to the M1 Motorway and was located mid-way between Queensland’s largest consumer markets, Brisbane and the Gold Coast.
“The site is approved for up to 16,211sqm of additional gross floor area offering the purchaser an opportunity to transform the site,” Nick Evans added.
“Sites in this area are always in demand due to the location and Yatala Enterprise Area being home to well-known occupiers including ALDI, Caterpillar, Woolworths, Australia Post, Stihl, JELD-WEN, Harvey Norman and Bidfood,” Nick Evans added.