A 9.56-hectare industrial site in South-East Queensland generates $2.36 million annually in net income, with its market rent valued at nearly twice that amount as demand for industrial outdoor storage rises. Located at 24–54 Woolshed Road in Stapylton, the property is now for sale, currently leased to Salmon Earthmoving, a heavy equipment hire company. Buildings cover 8 per cent of the site, comprising 7,152 square meters of heavy-duty workshops, corporate offices, and warehousing, while the remaining 7.5 hectares serve as operational hardstand. Colliers is managing the listing, which includes two freehold titles.
The property’s design allows for flexibility and future development, according to Nick Evans, Colliers’ national director for Industrial & Logistics. He noted that the established tenant and strong rental potential make it a compelling investment. The site’s strategic location between Brisbane and the Gold Coast also benefits from proximity to the proposed Coomera Connector, a motorway planned to run parallel to the M1 Pacific Motorway, with a future alignment adjoining Woolshed Road. Approximately 5 kilometers from the motorway’s Exit 38 and Exit 41 interchanges, the site’s connectivity further enhances its appeal.
Institutional buyers drive storage demand surge
Investor interest in industrial outdoor storage has surged, both domestically and abroad, as the sector transitions from a fragmented market to one increasingly dominated by institutional buyers. David Brisk, another Colliers director, pointed to rising demand, while Gavin Bishop observed that dedicated investment strategies are now focusing on this sector. Sean Thomson, Colliers’ Capital Markets national director, added that finding appropriately zoned, operationally functional sites in strategic locations remains a significant challenge.
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The listing follows the recent sale of a 2.2-hectare development site at 51 Empire Drive, Luscombe, within the same enterprise area. Located about 40 kilometers south of Brisbane’s CBD, Carmdev acquired the property for $21.25 million after buying it in 2021 for $6.17 million. The land was valued at $966 per square meter, reflecting strong regional demand. Marketed with development approval for an 11,167 square meter under-roof office and warehouse building, the site includes services and a B-double-approved road network, with planned connections to the M1 Pacific Motorway.
Luscombe’s $60M warehouse project set for 2027
The new development will feature 10 warehouses, ranging from 930 to 1,620 square meters each. Construction is scheduled to begin in early 2027, with completion targeted for late 2027. The site is zoned for Medium Impact Industry and includes 109 meters of frontage along Empire Drive, a B-double-approved road network, and planned connections to the M1 Pacific Motorway. Gabriel Reggi, Carmdev’s director, stated that the project’s expected end value exceeds $60 million, driven by continued growth in Brisbane and the Gold Coast. The developer will retain a portion of warehouses as investments within its portfolio, reinforcing its long-term strategy.
Industrial outdoor storage is now a priority for institutional investors, with demand outpacing supply in key growth corridors. The shift reflects broader trends in logistics and warehousing, where scalable, well-located properties are increasingly sought after. Local reports indicate that the sector’s expansion is supported by infrastructure projects like the Coomera Connector, which will enhance connectivity for industrial tenants. Carmdev’s planned 12,600 square meter industrial estate at Luscombe further shows the region’s growing capacity to accommodate large-scale industrial demand.