Hemmant

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Colliers International has sold two DA approved sites at Hemmant to a Brisbane developer for $5 million.
Estates Co. purchased the two sites, totalling 2.23ha.
The new owner has obtained development approval for 36 home sites ranging from 400sqm to 600sqm.
The sites at 261 &amp; 273 Hemmant-Tingalpa Road are within 10km of the Brisbane CBD and within close proximity to the Port of Brisbane employment hub 
They previously had acquired 30 Oswald St, Hemmant around 12 months ago for $4.715 million for a total of 68 residential lots.
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Estates Co. has developed other infill projects in the surrounding area.
These sites as the last available flood free land in the area.
"There are other sites in the area, but they are badly affected by flood or environmental issues," Jason Dao, at Colliers International said. 
“The business recognises the keenness of homeowners to live and work near the city while being surrounded with other key amenities such as shopping centres, train station, schools and parks,” he said.
Both projects will be developed in the first quarter of 2019.
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Estates Co. plans for 36 home sites in Hemmant

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1800 Removals, and Super Vape Store, have snapped up two separate leases in the Brisbane suburb of Hemmant, at 9/227 Fleming Road, and 10/227 Fleming Road respectively.
With a total building area of 1,128 square metres, shed nine came with a 1,044 square metres warehouse and 84 square metres of office space. 
Shed 10 came with a 373 square metre warehouse and 79 square metres of office space. 
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1800 Removals snapped up shed nine for $131,976 p.a. plus outgoings and Super Vape Store sealed a deal at shed 10 for $56,000 p.a. plus outgoings - a gross total of over $200,000. 
Both properties were leased by Ray White Commercial TradeCoast’s Jared Doyle and Jack Gwyn. 
Mr Doyle said he was pleased to deliver two excellent results for the owners following an agent function, given they had not originally been appointed for the site. 
“We weren’t the banner marketing agents for this site but decided to go along to an agent function held on site a few months ago,” Mr Doyle said. 
“Here, we received information about the site and have since introduced quality tenants sealing these two deals, to the delight of both lessors and lessees. 
Mr Gwyn said 1800 Removals had been struggling to find the right property and thought they had until circumstances quickly changed. 
“They had heads of agreement fully executed, however engineer’s reports confirmed the unique suspended slab wouldn't hold their trucks and containers,” Mr Gwyn said. 
“We then had to scramble to find something else under time pressure and we were able to justify the owner's realistic rental expectations and achieve the asking price."
Hemmant is approximately 11 kilometres to the east of Brisbane's CBD.
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