AN office/warehouse, home to Aussie BBQs and Fireplaces, has sold in the highly sought-after Brisbane suburb of Murarrie for $1.5M at 10/210 Queensport Road North.
The asset, that came with a 373sq m* warehouse, 101sq m* office and 176sq m* BCC approved mezzanine, was sold before a campaign could even be launched.
The property was marketed and sold by Ray White Commercial TradeCoast Industrial Sales and Leasing Manager Jared Doyle and Sales and Leasing Executive Jack Gwyn.
Mr Doyle said it was thanks to the intervention of Ray White Commercial Queensland’s Director – Sales John Dwyer that the property never made it to market.
“This deal is the perfect example of cross pollination between two Ray White offices that always strive for the best price for their clients,” he said.
“We were going to run a formal marketing campaign but decided to run it through our databases first to offer our bank of investors a pre-campaign opportunity.
“John saw the details from our database mail-out and recommended it to a friend of his who was in the market for a solid investment property, and he ended up purchasing the property.
“Murarrie is one of the most sought-after industrial and commercial hubs due to its highly convenient proximity to the Port of Brisbane, Brisbane CBD and the Gateway Motorway, connecting you to Queensland’s major arterial network.
“With the historical low cash rate, retention of the Coalition Government, banks re-entering the self-managed super fund market and local infrastructure projects progressing, demand remains high for quality investment and owner-occupier stock.”
Mr Gwyn said the location of the site and the fact it was fully-leased to a well-known brand that had been in place for a while were real drawcards.
“Aussie BBQs is a long-standing tenant and has occupied the premises for 12* years, but not only that, they’ve also recently executed a new 5+5-year lease,” he said.
“Murarrie’s Nautilus Business Park is a favourite for investors and this particular property delivers a current p.a. net income of $108,000 + outgoings + GST.
“It has an extensive high-calibre fit-out purposely tailored for Aussie BBQs, with the majority of the showroom featuring upgraded ducted air-conditioning, BCC approved and well-engineered extension, alarm system, gas lines, fork doors from the warehouse and office.
“It also offered six exclusive car parks on the title, including three under cover.”