Boutique industrial unit development in Brisbane’s south launched to the market

Brisbane, Australia – A new boutique industrial development in Brisbane's tightly-held southern industrial corridor has been released to the market, offering buyers an opportunity to secure one of just 15 premium strata-titled units in the final stage of a highly successful industrial estate.

Currently under construction and scheduled for completion in the first quarter of 2027, the development at 5 Wright Place, situated within the Wright Place Central estate, consists of 15 architecturally designed strata industrial units ranging in size from 69sq m to 159sq m and available for sale or lease.

Developed by Castle Property Group, the project represents a limited opportunity to secure new industrial accommodation in one of Brisbane's fastest-growing and tightly held southern precincts.

Director at Castle Property Group David Fielding said: “This is the final of the 10 lots within the estate to be developed, having completed nine freestanding buildings over the last five years. It’s exciting not only to wrap up the entire project, but to have created so many opportunities to see business scale and thrive in the estate over this period as well.”

Units in the development at 5 Wright Place are available for sale or lease via Knight Frank agents David Knox and Lachlan Hateley of Knight Frank.

Prices to purchase units in the project start at $670,000 plus GST, while rents start from $40,200 per annum net.

Each unit has been designed to deliver high-quality, functional industrial space, featuring ground-floor warehouse or showroom accommodation complemented by air-conditioned mezzanine office areas, fully carpeted office finishes, painted internal walls and painted warehouse floors ready for immediate occupation.

The development also includes three-phase power to every unit, motorised roller door access, exclusive on-site parking, fibre-to-the-premises connectivity and an on-site café, providing a premium offering for trades, logistics, showroom and light manufacturing users.

Situated around 15 kilometres south of the Brisbane CBD, and positioned with direct access and exposure to Learoyd Road, the site benefits from excellent connectivity to Beaudesert Road and the Logan, Ipswich and Pacific Motorways.

Mr Knox said the project presented a rare opportunity for businesses and investors to secure premium industrial space within an established and supply-constrained market. 

“Opportunities to purchase brand-new strata industrial units in Brisbane's southside are becoming increasingly limited, particularly in locations with the connectivity and exposure offered by 5 Wright Place,” he said.

“The development has been designed with a high level of finish throughout, including air-conditioned office space, quality internal fit-outs and three-phase power to every unit, allowing purchasers to move straight in once construction is complete.”

Mr Hateley said Algester was continuing to benefit from strong population growth and expanding residential development, driving increasing demand for nearby industrial and trade-based accommodation.

“Algester is one of Brisbane's emerging growth locations, supported by a significant and growing residential catchment throughout the southern corridor,” he said.

“The combination of direct Learoyd Road exposure, excellent access to major transport routes and the limited supply of new industrial product in the area creates a compelling opportunity for businesses seeking a long-term base.

“With only 15 units available, this is a boutique development that offers purchasers the chance to secure a modern, premium industrial asset in a highly accessible location.”

Castle Property Group and its project partners have been one of South East Queensland's preeminent and active industrial developers for over 17 years, delivering projects across Brisbane's industrial corridors from Salisbury and Seventeen Mile Rocks to Chermside, Morningside and Crestmead. 

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For further information, please contact:
Vanessa De Groot – Marketing & Communications, Knight Frank
Vanessa.degroot@au.knightfrank.com +61 410 460211

Notes to Editors
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, the Knight Frank network has 600+ offices across more than 50 territories and more than 20,000 people. The Group advises clients ranging from individual owners and buyers to major developers, investors, and corporate tenants. For further information about the Firm, please visit www.knightfrank.com.