Wynnum Industrial Estate Chalks Up Sales of More than $5 Million
Freehold lots in an industrial estate at Wynnum on Brisbane’s bayside have chalked more than $5 million in sales since coming on the market through Ray White Industrial Milton.
Lots within the Port View Estate, located on the corner of Pritchard Street and Wynnum Road North, Wynnum, have been marketed by Ray White Industrial Milton’s Stephen Ferguson and David Highman.
Stephen Ferguson said developers had shown keen interest in one of the last opportunities to buy small freehold industrial lots within the highly sought after Australia TradeCoast precinct.
“We have already sold five of the 11 lots with construction works for new industrial developments already started on some of the blocks,” he said.
“Total sales to date and are excess of $5 million. Sale prices achieved have been between $380 per sqm to $440 per sqm, depending on the size and shape of the block.
“Some of the new developments include small work stores of between 60 sqm-150 sqm, medium sized units from 400 sqm-500 sqm and a larger freestanding property of just under a 1000 sqm.
“Many of these buildings have been sold off the plan but there are still good opportunities available and we have blocks left for sale. This is a great opportunity to join a ready active industrial estate with multiple projects happening.”
David Highman said Port View Estate provides occupiers and developers with a chance to buy freehold land with light industry zoning with areas of between 1,530 sqm and 4,624 sqm.
“The estate is in the large residential catchment area of Wynnum and is also only a stone’s throw away from the Port of Brisbane with direct access to the Port of Brisbane Motorway and the Gateway Arterial,” he said.
“Nearby occupiers include Kmart, Bunnings, Silk Logistics and Asciano.
“Any company which services Brisbane’s eastern suburbs will benefit from being located within Port View Estate.”