As part of an image upgrade Tieman Industries P/L has leased a modern space at 4/459 Tufnell Road, Banyo

by admin | 14th October 2011

Victoria headquartered Tieman Industries P/L has leased a recently built  space at 4/459 Tufnell Road, Banyo, and will be paying an undisclosed amount on a term of 5+5 years

The new tenant, which was founded in 1953 and operates nationwide as well as overseas, is a market leader in the sales, design, manufacture, distribution and service of both material handling equipment and liquid road tankers

It is relocating from an older Eagle Farm site as part of an image upgrade, a process that it intends to apply to all of its domestic facilities.

 

The property comprises a modern 1,936m2 office/warehouse located just off Nudgee Road and the Gateway Motorway, offering quick access to all southeast Queensland. More specifically in includes 1,595m2 of clearspan warehouse with a  7.5m high roof and access via 6 container height roller doors. Also included is a 341m2 office and car parking for 23

King & Co agent David Knox, who handled the transaction in conjunction with CBRE’s Sam Higgins, says “this part of Banyo has been achieving high rents pushed upwards by a shortage of stock… a trend that will continue into the near future.” He added that similar properties are achieving between $120/m2 and $130/m2. Meanwhile, the undisclosed lessor is also Victoria based

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