Tenanted Warehouse/Office Complex Sold for $1.55 million
A warehouse/office complex at Eagle Farm in Brisbane’s Trade Coast precinct has been sold for $1.55 million by Ray White Industrial Milton.
The property with a long term tenant at 114 Links Avenue South, Eagle Farm, was sold off-market to a private investor by Ray White Industrial Milton’s Paul Anderson on behalf of J&P Properties for a yield of approximately 7.1 per cent.
Paul Anderson said the buyer intends to continue the leased enterprise at the property, which is on a land area of 2,160 sqm and has a 780 sqm warehouse and a 120 sqm single level detached office.
“The sale occurred off market and it was a case of right place, right time, right buyer,” Paul Anderson said.
“The purchaser has acquired a great site in the Hamilton Northshore Master Plan. And the seller has achieved a terrific price – a true win/win for all.”
Paul Anderson said the site is in a convenient location just minutes to the Brisbane airport precinct, the CBD and sea ports.