Market Report - Meadowbrook | September 2022 With Jamie Davey - Ray White AKG

Commercial Market Analysis MEADOWBROOK SEPTEMBER 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 CONNECT 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.

Meadowbrook Market Statistics

Sold (within last 6 months) Leased (within last 6 months) For Sale For Lease

8 11 3 13

Sold Property Address

Land Size

Building Size

Asset Type

2/20-22 Ellerslie Road

182sqm*

182sqm*

Warehouse

5/20-22 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*

Warehouse

9-15 Blue Eagle Drive

4,040sqm*

1,900sqm*

Warehouse

6/3-19 University Drive

466sqm*

466sqm*

Warehouse

990sqm*

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

1/12 Logandowns Drive

150sqm*

150sqm*

Retail

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

14/33 Meakin Road

148sqm*

148sqm*

Warehouse

Lot 41 13 Beal Street

1,926sqm*

6,034sqm*

Warehouse *Approximately

For Sale Property Address

Land Size

Building Size

Asset Type

306 Loganlea Road

6,980 sqm

N/A

Land

36-38 Nestor Drive

1,125sqm

2,000sqm

Warehouse

87-93 Meakin Road

17,480sqm

n/a

Land

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 *Approximately

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