Virginia industrial/warehouse smashes $1.2M

A VACANT industrial/warehouse in Brisbane’s northern suburb of Virginia has been snapped up for $1.28M + GST by an owner-occupier at 2&3/107 Northlink Place.

The asset, that came with a 667sq m* total floor area, featured a 433sq m* clear span warehouse, 117sq m* refurbished office and 117sq m* mezzanine.

The property was marketed and sold by Ray White Commercial Queensland’s Director – Sales and Leasing Paul Anderson and Sales and Leasing Executive Andrew Doyle.

Mr Anderson said the property was sold for Mitchel Enterprises & B25 Pty Ltd ATF, having already had a history with the vendor.

“We actually sold this exact property to the vendor seven years ago, so it’s very pleasing to close this transaction out for him,” Mr Anderson said.

“The sale price reflects 18 per cent growth over the period of ownership, so it was a terrific result for the vendor.

“The warehouse has access via two container height roller doors, the ground floor office has air-conditioning and amenities, and it also benefits from 10 exclusive-use car parks.”

Mr Doyle said the north side of Brisbane continued to flourish with owner-occupiers more attracted to the area than ever before.

“2019 has been a great year for enquiry from owner-occupiers, especially these tidy and modern facilities in well-located sections of the northside,” Mr Doyle said.

“Virginia is only 12km* north of Brisbane CBD and Northlink Place itself leads directly to Toombul Road, offering ease of access to the Gateway Motorway and Brisbane Airport.”

*Approximately.