A national data hardware distributor has secured an office/warehouse at Tingalpa in the Australian TradeCoast precinct in Brisbane’s east.
The property at 2/31 Millenium Place, Tingalpa, was leased in a deal negotiated by Jack Gwyn and Jared Doyle of Ray White Commercial Brisbane TradeCoast on behalf of Millenium Raceway.
Mr Gwyn said the new tenant needed a larger warehouse for their growing business.
“They were impressed with the internal presentation of the facility, which comprises an approximately 628 sqm warehouse which has been fully painted internally to minimise dust and there is also a 108 sqm office space,” he said.
“With the consent of the owner, the tenants intend to boost the office area by approximately 144 sqm over two levels.”
Mr Doyle said the owners, who operate a remote control car racing facility in the same complex, were pleased to see a new tenant in a seamless transition from their previous lessee.
“This is a great commercial building which offers dual container height roller doors in the warehouse as well as 3 phase power and fantastic natural light,” he said.
“The office is fully data-cabled and the unit has its own bathroom and kitchen facilities as well as ample on-site car parking.”
The unit has been leased for three years at a net rental of $101,200 per annum, which was negotiated up from $88,320 per annum net with the condition that the office be extended.