Booming Wynnum serves up $8.5M in industrial deals

RAY White Industrial Milton have taken advantage of the growing Wynnum precinct by sealing five separate deals in the last year, totaling more than $8.5M combined.

Industry Place in Brisbane’s coastal suburb has seen the bulk of the sales action with owner occupiers attracted to the seaside location that offered direct access to the CBD.

The deals have been marketed and executed by Ray White Industrial Milton Selling Principal Stephen Ferguson and Director – TradeCoast David Highman.

Mr Ferguson said Wynnum had seen a jump in recent times with buyers enjoying all the location had to offer, as well as the sought-after Wynnum Road connectivity.

“Wynnum Road literally runs from the coast, all the way through to the CBD, so it provides the ideal thoroughfare for businesses,” Mr Ferguson said.

“Industry Place has proven particularly popular with owner occupiers, with sales in this precinct adding up to $5.725M alone.

“The assets on offer provided everything a commercial business could wish for, with really generous spacing, high roller doors and ease of access.

“Wynnum is the place to be right now if you’re looking for a base for your business, with the Port of Brisbane in close proximity. Because of this and other factors, only one final site remains in the estate, a 1,200sq m* corporate freestanding building”

Mr Highman said with sales so strong, there were limited opportunities available for buyers, and now was the time to act.

“Portview Estate lots on Wynnum Road have been snapped really quickly and there are only two of the original 11 lots left for purchasers to take advantage of,” Mr Highman said.

“The Workstores development in Wynnum is exciting and offers buyers the ideal opportunity to buy their own multi-purpose storage unit and office space.

“The strata developments range from 65sq m* to 200sq m* and have been bought mainly by owner occupiers with sale rates ranging from $2,800psqm to $4,000psqm.”

*Approximately.

Deal details

·       24 Industry Place in Wynnum – sold for $2.125M
·       30 Industry Place in Lytton – sold for $2.1M
·       31 Industry Place in Wynnum – sold for $1.5M.