First unit leased and sold at Pinkenba’s Strategy on Holt

THE first property forming part of Pinkenba’s brand-new 19-unit $17.283M Strategy on Holt development has been leased and then sold at 4/15 Holt Street to a Victorian investor.

The brand-new 207sq m* property consisted of an office over two levels (46sq m* ground floor reception/showrooms and 74sq m* first-floor office), along with an 87sq m* warehouse.

The property was marketed, leased, and then sold by Ray White Commercial TradeCoast Sales and Leasing executives Jack Gwyn and Jared Doyle.

“There’s no doubt the fresh five-plus-five-year lease to national tenant Eco Environmental played a huge role in the sale deal,” Mr Gwyn said.

“They’re paying $49,440 per annum plus outgoings plus GST. A sale price of $745,200 was then agreed upon soon after.”

“The asset is a premium TradeCoast location on the boundary of Eagle Farm and Pinkenba. A business here would be strategically placed to benefit from easy access to the Gateway Motorway, Airport, and the new cruise terminal,” Mr Doyle said.

“It is I.F.P. Holdings fourth major development in the area. Each of their complexes has attracted prime occupants, being both tenants and owner-occupiers.”

*Approximately.