07/10/2011 - Dealer lands truck, bus giant back to northside with new lease
A Truck and bus dealership has pulled back into Brisbane northside after securing an office-warehouse complex at Eagle Farm.
One of Australia’s largest motoring entities, Automotive Holding Group has signed a five-year leasing deal for the facility at 860 Kingsford Smith Drive. It is the new home for the northside division of AHG’s Zupps Truck and Bus Centre.
Dealer principal Michael Gleeson said the group previously operated from a site at Burpengary, which it vacated three years ago. “We’ve been looking to put a footprint down on the northside again for the past six to 12 months,” he said.
Mr Gleeson said the facility was the missing link in its Brisbane operation, which also includes a well-established centre at Marshall Rd, Rocklea. He said the Eagle Farm facility would offer service and parts for its northern customers as well as providing an opportunity to further grow the business.
“Kingsford Smith Drive is the right location for us because it has good exposure and access,” Mr Gleeson said. Lawrence Temple and Phil Heggie from Raine & Horne Commercial negotiated the deal. It was struck with a five-year option at a leasing rate of $240,000 a year plus GST.
The facility comprises 144sqm of office space and a 2000sqm Clearspan warehouse with 11m internal height, multiple roller doors, good parking, two street access and a hardstand area of 1500sqm. Mr Temple said the premises were conveniently and strategically located between the on and off ramps of the Gateway Motorway.
“That makes it not only very easy for customers to find but also to get to,” he said. “They initially were very close to signing on another building further out on Kingsford Smith Drive but I was put on hold because of a restructure of the business.
“When they came back to the market this one was available and they jumped on it because of its central Eagle Farm location and exposure to Kingsford Smith Drive with signage opportunities on an 11m-high wall.”
Mr Temple said building on Kingsford Smith Drive always commanded a high level of interest and “usually don’t stay on the market for very long.” “We have seen a recent absorption within the market place, there’s a fair few deals being done,” he said.