Raine & Horne Commercial has started 2016 with a bang in Queensland, with the announcement of a multimillion dollar sale of two parcels of industrial land in Coopers Plain in south western Brisbane.
Raine & Horne Commercial Brisbane Southside brokered the sale of the 1,614 square metre site at 886 Beaudesert Road, Cooper Plains for $1.225 million, and adjacent 888 Beaudesert Road, Cooper Plains (2,860 square metres) for $2.6 million.
The purchaser, developer Synergy Property Partners, is amalgamating the sites to house a Puma Fuels Service Station and a Gloria Jeans café. Puma and Gloria Jeans have signed 15-year leases.
The properties were sold by two independent vendors, who after taking advice from selling agents Nick Comino and Greg Tate from Raine & Horne Commercial Brisbane Southside, agreed to join forces to market the sites as a packaged deal.
“By working in tandem the vendors were able to attract huge enquiry numbers for their sites from developers in Brisbane and interstate,” says Mr Comino.
“The ability to buy the joint parcels in such a high visibility location such as Beaudesert Road was extremely appealing to developers and investors.
A count of passing traffic was recently taken and it demonstrated that 45,000 vehicles travel past the two sites on a daily basis.
“It also helps that any commercial land on busy Beaudesert Road is highly sought after because it offers the opportunity for multi-tenant usage or for a single tenant to lease the site,” says Mr Comino.
“Plenty of businesses want to be on Beaudesert Road yet vacant land is at a premium,” says Mr Comino.
“Strategically, the timing was also perfect as one of the private vendors is retiring and the other is looking to move onto a new venture.
For further media information contact:
Nick Comino, Director, Raine & Horne Commercial Brisbane Southside and Raine & Horne Commercial Bayside on 0412 151 492
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