Brisbane South’s core industrial markets are still experiencing high activity levels with 44 Cambridge Street, Rocklea being the latest industrial land parcel for sale.
Brisbane South’s core industrial markets are still experiencing high activity levels with 44 Cambridge Street, Rocklea being the latest industrial land parcel to hit the market.
The 28,461sqm freehold site is in close proximity to the Brisbane Markets and Rocklea’s industrial precinct and provides approximately 16,392sqm of developable land. The current DA provides 8,086sqm of GFA across two buildings and has the ability to be split into three units.
The land parcel is strategically located just seven (7) radial kilometres to Brisbane’s CBD and provides convenient access to Sherwood Road, Fairfield Road and the Ipswich Motorway.
The vacant land parcel is being marketed for sale via an Expressions of Interest campaign run by Michael Richardson and Mark Gilbride of CG Property in conjunction with Nick Maclean and Tom Hartman of Savills.
Mr Richardson said the property is set to attract strong interest due to the limited land supply in core industrial precincts.
“Developers still have a strong appetite for industrial land due to the low vacancy levels, large rental growth and steady tenant demand in the market,” he said
“With extremely limited stock on the market to purchase, owner-occupiers are also looking to purchase land to accommodate their business growth”
Mr Maclean said the Cambridge Street property was well located within the established Rocklea industrial precinct.
“The properties proximity to the Brisbane Markets and major arterials make it a prime location for a variety of buyers,” he said.
“The SA1 analysis of the property scores it exceptionally well for access to all major supermarket store networks as well as access to other industrial GFA.”
The Expressions of Interest campaign for the property will close at 4pm AEST on Wednesday, 23rd August.