A fully optioned office/warehouse facility in the Western Corridor of Brisbane has been leased to a drilling company on a 5 + 5 year lease worth circa $300,000 per annum.

The industrial property located at 9 Formation Street in Wacol was leased to Roc-Drill Pty Ltd through Ben Donnelly & Myles Clentsmith of Savills.

The 6,570sq m site features approximately 2,498sqm floor area including clear-span warehouse, corporate grade offices split over two levels, 2,000sq m of heavy duty hardstand concrete at the rear plus an external 20t gantry crane.

Senior Executive of Industrial and Business Services Myles Clentsmith said, ‘The property was recently refurbished and fitted out for servicing of large machinery, such as drill rigs. It suited the tenant’s requirements perfectly. Initially Roc-Drill were looking to be located closer to the Gold Coast however this building suited their immediate needs’.

Managing Director or Roc-Drill, Nigel Deveth, said ‘The growth of his business required a lager premises from their existing Toowoomba base. The property at Wacol offered everything we needed in a location that allowed us to service our key Brisbane clients as well those out west’. ‘The property was fit for purpose’.

Associate Director of Industrial and Business Services Ben Donnelly said, “The Western corridor of Brisbane has always been in hot demand for those looking to service the mining regions of QLD. This property was designed for those in that industry and we had numerous enquiries from similar businesses.”

The property is ideally located, within close proximity to high profile neighbours including Boral, Nissan, Sealy Australia and neighbours Atlas Copco/Hyperformance Fluid Power.

“Modern tilt panel buildings are still in demand and we are seeing increased tenant activity in the face of growing business confidence and as a result of banks passing on stricter lending conditions for property purchases” Mr Donnelly said.