Virginia warehouse site sold post-auction for $4 million

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.