Woolloongabba’s cheaper rates compels West End tenant to relocate

by admin | 17th June 2011

An expanding Reverse Garbage has rented a space at 20 Burke Street, Woolloongabba, and will be paying $110,000 pa on a term of 5+5 years. King & Co’s Jane Turnbull handled the transaction, while the lessor is undisclosed

The site  comprises 1,026m2 of freestanding office/warehouse on 1,091m2 of LI land, with the latter accessed via a roller door. Constructed of solid block, it is only a short walk from the Park Road train station, the Boggo Road development as well as being in close proximity to all arterial roads and motorways

Paraphrasing its web page, Reverse Garbage is a not-for-profit workers’ co-operative that collects high quality industrial discards, diverting them from landfill to sell them at low cost to the general public

Set up in 1998 to support Friends of the Earth – Brisbane, it sells a wide array of interesting and ever-changing materials for re-use. Whether it be arts and craft, a school project, something that needs to be renovated around the home, an upcoming theatre production, we probably have materials here that you can use…at a fraction of the price one would normally pay

According to Turnbull, “the tenant relocated from the West End because the new site offered more space, was closer to public transport and was more easily accessed by its clients. The fact that it was less expensive to lease and also out of the flood plain was also an important factor

Turnbull went on to note that “ the next six months should see a surge of interest in Woolloongabba’s rental stock leading to a severe lack of supply, which, together, will put an upward pressure on rates

Comments are closed.