A PRIVATE syndicate has snapped up dual lots in the north Brisbane suburb of Northgate for a combined $2.4M at Lots 2+3/62 Crockford Street.
Both the lots came with a combined 4,000sq m* of land area and also offered potential buyers General Industry (A) Zoning.
The off-market deal was negotiated and secured by Ray White Commercial Queensland Director – Brokerage Services Paul Anderson and Senior Sales and Leasing Executives Aaron Aleckson and Andrew Doyle.
Mr Anderson said the lots were sold by vendor Chuan Xin Pty Ltd and it was positive to see the estate finish off with a sales rate of $600psqm plus GST.
“The initial sales a couple of years ago were in the low $400’s, and last year, all the sales were in the $500’s,” Mr Anderson said.
“On reflection, the market has priced-in the limited supply, as there really isn’t any small industrial lots available in the entire precinct now.”