Astute owner-occupier Big Chief Hire has seized a lucrative opportunity by securing a landmark property at 1 Transport Street in Yatala, Queensland, for $10.65 million.
Spanning an expansive 34,380sqm of gross industrial land area, with approximately 29,680sqm of highly usable land, the property is positioned at the entrance of the newly developed Yatala Logistics Hub, and boasts a premium corner location, making it a prominent landmark at the intersection of Peachy Road and Stanmore Road.
The strategic placement ensures seamless access to the Pacific Motorway (M1) via Exit 38 and Exit 41, facilitating quick and convenient logistics connections between Brisbane and the Gold Coast.
The property's Low Impact zoning further adds to its appeal, making it suitable for various industrial uses. It has been meticulously developed, fully serviced, and features a benched and compacted layout, providing an ideal foundation for future expansion and operational efficiency.
Morgan Ruig and Adrian Smith of Cushman & Wakefield handled the negotiations, who said Yatala Logistics Hub holds a prominent position within one of the city's most well-established industrial precincts.
“Its prime location, halfway between Brisbane and the Gold Coast, has solidified its status as a key logistics and distribution centre for Southeast Queensland, attracting businesses seeking to capitalise on its strategic advantages,” said Morgan Ruig, Cushman & Wakefield’s Director of Industrial Sales & Leasing, QLD.
Adrian Smith, Cushman & Wakefield’s Manager Brokerage Industrial & Logistics - QLD said "Strong demand fundamentals coupled with limited supply have put considerable upward pressure on square meter rates for industrial land over the past 12 months in the YEA and surrounding regions”.