Ray White celebrates $7.8 million sale of M-Space Colmslie building

Ray White celebrates the sale of all 18 commercial units in the new M-Space Colmslie building in Brisbane’s Morningside for $7.885 million.

The Announcement:

ALL 18 units at Brisbane’s brand-new M-Space Colmslie have sold out in double-quick time for $7.885 million (excl. GST) as both investors and owner-occupiers took advantage of the ever-popular and exponentially growing Australia TradeCoast corridor.

The units ranged in size between 62sq m* and 181sq m* with three being sold to investors and the other 15 sold to owner-occupiers.

All 18 units were marketed and sold within a year by the Ray White Commercial trio of David Highman, Jared Doyle, and Jack Gwyn.

“Despite titles being issued in the early days of the global COVID-19 pandemic back in April 2020, all committed buyers proceeded with their purchases and sales remained strong into the following financial year,” Mr Gwyn said.

“Engage Group successfully identified a hole in the market and filled it with quality commercial units – that in turn attracted quality tenants from both the investor and owner-occupier field.”

“The Australia TradeCoast is seen as the place to be for any start-up business because of its excellent transport links south to the Gold Coast and north to the airport and the Port of Brisbane,” Mr Highman said.

“The location couldn’t be any better, and we can take confidence from the fact that investors also purchased, recognising that tenants will look to lease in this area.

“M-Space Colmslie is the next generation of multi-use commercial space that caters for both business and pleasure,” Mr Doyle said.

“The facilities had a range of sizes and layouts that suited small businesses and mancaves and came with high ceilings, abundant natural light with dual entry, with a choice of high-clearance roller door access or glazing.”

Source: Ray White

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