Commercial Market Analysis MEADOWBROOK JULY 2022
Prepared by:
RAY WHITE AKG COMMERCIAL | RAY WHITE AKG
MEET YOUR AGENT
Jamie Davey Commercial Sales & Leasing Professional 0400 763 772 | jamie.davey@raywhite.com
RAY WHITE MARSDEN | RAY WHITE AKG
Jamie’s career began with the Ray White Group in 2014, as an assistant to the director. After learning firsthand the in and outs of the industry, Jamie transitioned into a sales and leasing role, where he successfully negotiated multiple sale and lease deals throughout the Brisbane, Logan and Gold Coast regions. Coming from a customer service background, Jamie understands the importance of providing the highest quality of service to his clients. He is a firm believer in building long lasting relationships and is always willing to go above and beyond to ensure a great final result for all parties. Being local and growing up in the Logan area Jamie has a wealth of market and area knowledge to share with his clients. Jamie is not only knowledgeable, but he is trustworthy, reliable and has a dedication to his work not often seen in the real estate industry. You can take comfort in knowing that when you choose to have Jamie represent you, you are also gaining the experience and the knowledge of the entire Ray White Marsden Team.
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M6 CONNECTS IS UNDERWAY Work is well underway on the newest precinct for the Meadowbrook area, a $70 million industrial development called the M6 connect. This will be the final stage of the 100-hectare industrial precinct that began back in 1986. The M6 Connect project will consist of 19 Warehouses, designed to cater for a variety of different industrial businesses with a need to have direct access to the Logan Motorway. This new development will help to meet a current market requirement for high quality spec built industrial properties. The allotment sizes will range from 1,500sqm to almost 6,000sqm and will be purposefully designed for a variety of different users ranging from small logistics and distribution companies to larger manufacturing groups. This new industrial development is only one of the many new projects due to begin in the Meadowbrook area over the coming years.
Disclaimer: The information in this document has been sourced from various outlets and should only be considered a guide on the market in your area and may not contain a full list of every transaction.
Commercial Property Market Statistics
Sold (within last 6 months)
6
Leased (within last 6 months)
9
For Sale
2
For Lease
13
Sold Property Address
Land Size
Building Size
Asset Class
18/20-22 Ellerslie Road
115sqm*
115sqm*
Warehouse
27/20-22 Ellerslie Road
182sqm
182sqm
Warehouse
28-30 Ellerslie Road
20,100sqm* N/A
Land
40-42 Ellerslie Road
10,200sqm* N/A
Land
1-3 Meakin Road
2,895sqm*
Warehouse
55-61 Meakin Road
24,800sqm* 3,000sqm*
990sqm*
Warehouse
Leased Property Address
Land Size
Building Size
Asset Type
23/13-15 Ellerslie Road
137sqm*
137sqm*
Warehouse
29/20-22 Ellerslie Road
256sqm*
256qm*
Warehouse
3/26 Ellerslie Road
631sqm*
631sqm*
Warehouse
4/13 Logandowns Drive
218sqm*
218sqm*
Showroom
16/33 Meakin Road
178sqm*
178sqm*
Warehouse
4+5/63 Meakin Road
560sqm*
560sqm*
Warehouse
1/34-36 Nealdon Drive
306sqm*
306sqm*
Warehouse
8/26-28 Nestor Drive
89sqm*
89sqm*
Warehouse
2/68-70 Nestor Drive
565sqm*
565sqm*
Warehouse
For Sale Property Address
Land Size
Building Size
Asset Class
306 Loganlea Road
6,980 sqm
N/A
Land
3/20-22 Ellerslie Road
186sqm
186sqm
Warehouse
For Lease Property Address
Land Size
Building Size
Asset Type
3/18-24 Beal Street
1,596sqm*
1,596sqm*
Warehouse
25-65 Beal Street
2,232sqm*
985-3,640sqm*
Warehouse
7-9 Ellerslie Road
2,000sqm*
1,220sqm*
Warehouse
13/20-22 Ellerslie Road
182sqm*
182sqm*
Warehouse
12-16 Logandowns Road
1,000sqm*
75-1,000sqm*
Medical
6/261 Loganlea Road
61sqm*
61sqm*
Retail
1-3 Meakin Road
2,895sqm*
990sqm
Warehouse
14/33-43 Meakin Road
148sqm*
148sqm*
Warehouse
55 Meakin Road
3,000sqm*
24,800sqm*
Warehouse
4+5/63 Meakin Road
496sqm*
496sqm*
Warehouse
64-68 Meakin Road
1,140sqm*
1,140sqm*
Warehouse
1/70-74 Meakin Road
1,297sqm*
1,297sqm*
Warehouse
1/61 Nealdon Drive
470sqm*
470sqm*
Warehouse
Current Market Rates SALE RATE PER SQM Office Rates: Warehouse Rates: Retail Rates: Land Rates:
$3,400 - $3,800 per sqm + GST $2,400 - $2,600 per sqm + GST $4,500 - $4,800 per sqm + GST $170 - $400 per sqm + GST
LEASE RATE PER SQM Office Rates: Warehouse Rates: Retail Rates: Land Rates:
$250 - $330 per sqm net pa + outgoings + GST $120 - $150 per sqm net pa + outgoings + GST $480 - $530 per sqm net pa + outgoings + GST $15 - $50 per sqm gross pa + GST
Jamie Davey
Associate Director of Commercial Sales & Leasing 0400 763 772 jamie.davey@raywhite.com
www.raywhiteakg.com.au
RAY WHITE AKG