Strategic Wacol Site Sold

STRATEGIC WACOL SITE SOLD FOR $1.52 MILLION

A STRATEGIC land holding with a two storey residence in the fast growing Wacol industrial precinct in Brisbane’s western corridor has been sold for $1.52 million.

The property on a land area of 9831 sqm opposite the new Richlands train station at 317 Progress Road, Wacol, was sold by Janine Bell of Ray White Industrial M1 North.

Building and civil contractors FK Gardner and Sons have acquired the site with the intent to relocate their plant and equipment there.

Ms Bell said the property was sold post-auction just 30 days after being on the market.

“We had solid interest in this offering with 12 inspections and three registered bidders at the auction,” she said.

“The property didn’t sell under the hammer but it was secured within a few days of the auction. The price at $154.60 per sqm was a good result.”

Ms Bell said the property was in a prime location with 50m frontage to Progress Rd and easy access to the Centenary Highway, Ipswich Motorway and Logan Motorway.

Only 500 metres from the nearly completed 56,000 sqm Komatsu site

Ms Bell said with the resources sector continuing to expand, Wacol is growing in popularity for major trucking, earthmoving, storage and manufacturing businesses.

“Wacol is set to benefit from the $1.5 billion, 93ha Metroplex on Westgate commercial development, which has the potential to provide around 10,000 jobs,” she said.

“The recent upgrade of the Ipswich Motorway and Centenary Highway has added considerably to the convenience and appeal of Wacol. The area has attracted major developments by Komatsu as well as smallgoods manufacturer Primo and Hitachi Construction Machinery.”