Virginia

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A freehold warehouse with office space in Brisbane has been snapped up by an investor after successful post-auction negotiations for $4,000,000.
Situated at 78 Pritchard Road in Brisbane’s Virginia, the property, that came with a 3,000 square metre building area on a 6,222 square metre allotment, was zoned as ‘General Industry’. 
The asset was marketed and sold by Ray White Commercial Northern Corridor Group Principal Chris Massie and Ray White Commercial Bayside Director Nathan Moore. 
Mr Massie said six registered bidders battled it out on auction day with the price climbing all the way from $2,6000,000 to $3,950,000. 
“Some prospective purchasers were owner occupiers but the majority were investors and the campaign generated enough interest that agents and surrounding property owners attended on auction day,” Mr Massie added. 
This warehouse features a power supply, multiple office fit-out across two levels, large climate-controlled data room, large boardroom, two executive offices and 34 car parking spaces.
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Virginia warehouse site sold post-auction for $4 million

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A vacant industrial warehouse in Brisbane’s northern suburb of Virginia has been sold for $1.28 million by an owner-occupier.
The property at <a id="LPlnk838539" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMtZbL8K1IrWjHPzGXhNPJeH4Wj/TpX07P8ntm3i2Q9vXQCIgm/yPQ5isnzJpmTWk1w==&amp;rh=ff004eb07a3a5325778caa01cf42a12e19a853d0" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">2&amp;3/107 Northlink Place</a>, comprises a 66 7sqm total floor area, made up of a 433 sqm clear span warehouse, 117 sqm refurbished office and 117 sqm mezzanine.
It was marketed and sold by Ray White Commercial Queensland’s Director – Sales and Leasing Paul Anderson and Sales and Leasing Executive Andrew Doyle. 
Mr Anderson said the property was sold for Mitchel Enterprises &amp; B25 Pty Ltd ATF, having already had a history with the vendor.
“We actually sold this exact property to the vendor seven years ago,” Mr Anderson said.   “The sale price reflects 18 per cent growth over the period of ownership.    “The warehouse has access via two container height roller doors, the ground floor office has air-conditioning and amenities, and it also benefits from 10 exclusive-use car parks.”
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/18/107%20Northlink%20-%20Internal%201.jpg" alt="">   Mr Doyle said the north side of Brisbane continued to flourish with owner-occupiers more attracted to the area than ever before. 
“Virginia is only 12km north of Brisbane CBD and Northlink Place itself leads directly to Toombul Road, offering ease of access to the Gateway Motorway and Brisbane Airport,” Mr Doyle said.
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Virginia

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