Image: Rocklea Central
In a major industrial property transaction, an interstate investor has acquired Rocklea Central for $46.5 million, securing one of the largest land holdings in Brisbane’s Rocklea industrial precinct.
Located just 10 kilometres south of the Brisbane CBD, Rocklea Central spans an impressive nine hectares across three titles at 65 Grindle Road, 1717 Ipswich Road, and 1727 Ipswich Road. The site offers a total Gross Floor Area (GFA) of 29,571sqm across 12 buildings and is home to 21 tenants, with a Weighted Average Lease Expiry (WALE) of 2.2 years, offering strong rental reversion potential.
A significant asset within Brisbane’s inner south industrial landscape, the property features extensive hardstand areas and direct exposure to the Ipswich Motorway. It is highly sought after by transport operators and other industrial users who require land-rich sites with excellent connectivity.
Cushman & Wakefield’s Gary Hyland, Morgan Ruig, and Jonathan O’Brien facilitated the sale.
Gary Hyland, National Director Capital Markets Logistics & Industrial - QLD of Cushman & Wakefield highlighted the asset’s strong market interest, stating,
“The property generated strong interest during the campaign due to its historically high occupancy rate, diverse income stream and low site cover”
The Rocklea area continues to be popular with occupiers, offering access to approximately 1.4 million residents—55% of Brisbane’s population—within a 30-minute drive. Additionally, the precinct services around 530,000 households with a total expenditure pool of $84.7 billion in the same time frame.
Rocklea is also a key logistics and supply chain hub, home to major occupiers including Dulux, Opal Packaging, AHW, and BOC. The location’s proximity to the Brisbane Fresh Produce Market further enhances its appeal to businesses in the food distribution and logistics sectors.
Mr Ruig said
“With its strategic positioning, tenant diversity, and significant landholding, the acquisition of Rocklea Central reinforces the ongoing demand for well-located industrial assets in Brisbane’s competitive property market.”
