Speculative warehouse delivers developer major windfall
A Heathwood office/warehouse being constructed on a speculative basis has sold to an occupier – in a deal tipped by the developer.
The 2850 square metre building at 36 Hub Crescent, part of the Hub Heathwood business park, is collecting $10.47 million ex-GST following a campaign launched November.
Offices comprise a higher component of the improvement than usual for assets of this type – 13 per cent (or 320 sqm).
Rated A-grade, this spreads two floors.
A high clearance warehouse is accessed from three electric roller doors.
The fully fenced 5136 square metre block, with two crossovers, also contains 32 car parks and a hardstand area.
Vendor, Duvel Developments, paid $3.1m for site last April (story continues below).
Quick sale
“[The property was] specifically developed to target Brisbane’s owner occupier market, JLL marketing agents, Sam Stewart and Harry Holman, said.
That was the eventual buyer profile, they added – a growing business already in the south east.
Also today, we are reporting Clarence Property Group, the estate developer, sold a 1.3 hectare block diagonally adjacent, at 43-51 Hub Cr.
Heathwood is about 22 kilometres south of Brisbane’s CBD.
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