Domayne Furniture Hire take up seven year Northgate office warehouse lease

Domayne furniture Hire and Property Styling has snapped up a 7 year lease of an office and warehouse in Brisbane’s northern suburb of Northgate

Situated at 16&17/62 Crockford Street, the asset that came with a 2,398 sqm building area and a 4,000 sqm site area, was signed up for an initial seven year leasing term with an additional three year option.

The agents declined to comment on the rental, however industry sources say it was between $135-$155 per sqm.

The property was marketed and leased by Ray White Commercial Queensland Senior Sales and Leasing Executives Aaron Aleckson and Andrew Doyle and Director – Brokerage Services Paul Anderson, with CBRE as co-listing agents.

Director of Domayne furniture Hire and Property Styling, Melinda Littman said, “moving into the new Crockford Street Northgate location in early 2020, the 2,382 sqm single building over two titles hopes to support the business expand further over the next seven years.”

Mr Doyle said it was pleasing to see another quality tenant move into the estate at 62 Crockford Street.

“The draw card for this estate really has been the medical precinct and restaurant at the entrance to the site,” he said.

“Domayne now joins a quality list of tenants to the estate such as Thyssenkrupp, Bayer Pharmaceuticals and Bevis and Bartels.”

Mr Anderson said they had seen a spike in enquiry on the speculatively built warehouses in the North Gateway Precinct with a number of tenants still actively looking.

“It offers many benefits associated with being right on the Gateway Motorway, with easy access to the Brisbane Airport, CBD and Airport Link tunnel.”