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More investors eyeing industrial properties
An increasing number of investors appear to be on the hunt for industrial properties, with more seeing upside in the return benefits they offer.
Ray White Industrial Milton sales and leasing executive Lachie Hale and associate director sales and leasing Jaems Balfour recently marketed and sold an industrial freestanding property for $900,000 in Logan City’s suburb of Slacks Creek.
Mr Hale said there were a number of enquiries throughout the campaign, with interest from both investors and owner-occupiers.
“The purchaser was a local investor who saw serious upside potential in both the asset itself and the local area,” he said.
“The property offered a high bay warehouse area, excellent truck access on-site, roller door access, ample on-site parking and featured a recently refurbished office fit-out.”
Mr Balfour said Slacks Creek was located in the Logan Centre Business Area, which comprised growing retail businesses, industrial and commercial offices. The asset, that came with approximately 645 square metres of GFA on a 1,012 square metres (approximately) parcel of land, offers quick and easy access to all nearby major arterial roads.
“It’s ideally placed from a logistics point of view, offering immediate access to major arterial roads to the north, south and west via M1/Pacific Highway and Logan Motorway,” Mr Balfour said.
“The precinct is also easily accessible via public transport, as it’s located within close proximity to both bus and rail linkages.”
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