Manufacturer nails Acacia Ridge

by admin | 22nd November 2010

A NAIL Manufacturer and distribution from across the boarder has hammered out a deal on Brisbane’s southside as part of its expansion into Queensland.

NSW-based Koala Nails has purchased an industrial facility at 13/57 Mortimer Road, Acacia Ridge for $1.03 million

The property is one of 16 units in a  Light Industry zoned complex. It comprises 725sqm of office-warehouse with high internal clearance accessed via a container-height roller door.

King & Co’s Rod Hewitt, who negotiated the sale, said the key factors in the deal were location, storage capacity and truck turning space.

“The location was very handy for them from a transport perspective and they liked the building because it had a large cubic capacity and there wasn’t a lot of other suitable properties on the market,” he said.

Mr Hewitt said that during the first quarter of the year, sales activity in this part of Acacia Ridge has rebounded slightly, but had dropped again in the most recent quarter despite plenty of inquiry.

As with other similar suburbs, many businesses are putting buying decisions on hold until they see the economy gain more of an upward momentum, “he said.

Mr Hewitt said the last 12-18 months of GFC had put downward pressure on prices by as much as 10 per cent.

“That being said, the next six months should see an improvement in both demand and availability as some owners feel comfortable putting their stock on the market,” he said

Koala Nails managing director Ian Ward said it had been a very difficult task to find a suitable facility in Brisbane.

“We looked all over Brisbane but there wasn’t much available. Ideally we would have liked to have secured a freestanding facility but strata-titled units was pretty much all there was,” he said.

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