Storage suitable freehold in Brisbane Metro, converted to cutting-edge service centre
By Robert Stanley-Turner April 30, 2020
Box Commercial have recently finalised the leasing of the new Morayfield Service Centre. We originally offered the property for sale with a view to selling to a Storage operator. But that’s now how things worked out.! Instead, now the new development will feature a big-branded service station (United ) and Taco Bells with drive-through with an Anaconda behind. These retailers will be situated out the front of the existing Anaconda store.
The original property featured around 6500 sqm of high-profile, but ageing warehouse showroom. We thought great for Self-Storage with its 5000sqm of high clearance warehouse fully exposed to busy Morayfield and Ross River Roads.
We are particularly proud about this development as our clients asked us for an outright sale, or to deliver a concept to convert this well established freehold in to something else. And Voila! The final outcome will soon emerge with the beginning of the construction already underway.
Notwithstanding, this was a very difficult deal to pull off. In order to get to the final mix of tenants we had negotiated with many more retailers than who finally committed. Then, we had to satisfy many interests including council, main roads, not to mention substantial drainage design complete with massive under-ground storm water tanks. We just couldn’t have done without a terrific partnership an ongoing confidence of our clients. Suffice to say we are excited about seeing the final outcome later this year.
But, at the end of the day or in other words, the end of our “project”, this result is a really good example of what you can be done to squeeze more from your commercial property.