06/06/14 - Warehouse has Right Ingredients for Tenant

Chris Herde

A Hospitality supplies company has cooked up a deal and relocated its warehouse to Eagle Farm. Nicholson’s and Kitcheners Hospitality Superstore’s warehouse was at Albion in the inner north but the company elected to upsize to an older style 1400sq m freestanding office/warehouse at 179 Fison Ave in a five-year deal.

Raine & Horne Commercial’s Lawrence Temple, who struck the deal with Phil Heggie said “size, location and cost” were the important factors in the leasing deal. “They needed something twice the size of their Albion warehouse,” he said. “The cost of Albion industrial properties is greater than Eagle Farm per square metre and Eagle Farm was the next suburb out.”

The company has been supplying the hospitality trade and the general public in Queensland and interstate since 1947 when it started under the name Cafe & Hotel Supplies.

It will pay $140,000 a year for the 1193sq m clearspan warehouse and a 207sq m air conditioned office/showroom .

There is on-site parking with about 900sq m of additional hardstand at the rear of the2833sq m site.

“The property has had ongoing inquiry and attracted a fair bit of interest,” Mr Heggie said.

“It has a driveway that runs down the side which means the hardstand area at the back is not on display from the road.

“Some tenants wanted to display their wares and others would rather have them tucked away at the back where people can’t see. So it was a matter of getting someone who suited the property.”

Source: Courier Mail 06 June 2014