Blue Commercial is proud to have facilitated the sale of two industrial lots at 231 Gardner Road, Rochedale, as part of a premium 5-lot industrial subdivision. Both sites were originally purchased off the plan by a private investor with Blue Commercial involved in both the initial transactions and subsequent on-sales.
Following a strategic approach to on-selling, both properties have now been successfully transacted, showcasing Rochedale’s growing appeal as a key industrial hub and highlighting the upward trend in industrial land values.
Secured for $9,593,100, the sale at Lot 1/231 Gardner Road, Rochedale represents a 30% uplift in land values over an 18-month period. The new purchaser seeks to develop the site, catering to growing demand in the area.
Similarly, neighbouring Lot 2/231 Gardner Road achieved a sale price of $9,713,305 following a successful Expressions of Interest campaign. The property was acquired by Sydney-based developer Bradford Holdings, who has already lodged a Development Application for a 52-unit industrial complex. This development will provide much-needed small warehouse spaces and deliver a unique strata offering to the Rochedale market.
Rising land values, particularly in high-demand areas like Rochedale, reflect the tightening supply of available industrial land and increasing interest from both local and interstate investors. Demand for larger, well-located industrial sites has been particularly strong, fueled by the growing need for logistics, warehousing, and manufacturing space to support Brisbane’s expanding economy.
As 2024 comes to a close, we expect to see continued competition for well-located industrial land, with sustained price growth in the market, particularly in emerging industrial precincts that benefit from Brisbane’s infrastructure development and population growth.
For further information on these deals or Brisbane’s evolving industrial market, please contact Blue Commercial.