Three industrial lots in Brisbane's south sold OTP

Three of the 20 available lots in Brisbane's Waratah Industry Park at Acacia Ridge were sold off the plan.

The deals were negotiated by Knight Frank agents Lachlan Hateley and David Knox and Raine and Horne agents Nick Comino and Joseph Grasso.

More than $2.5 million in land has already been sold off the plan in a subdivision providing the last remaining small industrial lots in Brisbane’s core south precinct to the market.

The three smaller lots, two of which were sized at 2,500 sqm and one of which was around 3,000 sqm, sold for prices ranging between $325 and $350 per square metre, with the combined value of the sale totalling more than $2.5 million.

One lot was purchased by an owner-occupier, with developers behind the other two purchases.

The estate has been developed by Warapar Resources Pty Ltd with delivery of the project managed by Mossport Project Management.

The remaining lots range in size from around 2,100 sqm up to around 47,370 sqm, but most are 5000 sqm or smaller.

The total sales value of these remaining lots is more than $30 million.

Mr Hateley said it was expected there would be strong demand for the remaining land in the subdivision - located in the heart of Acacia Ridge at Loam Street, Competition Street and Research Street - now the titles had been released to the market.