Ipswich Warehouse Sold for $404,000
A warehouse/office at Ipswich, west of Brisbane, has been sold under the hammer at auction by Ray White Commercial Ipswich for $404,000.
The industrial workshop on a 2025 sqm block at 8 Turley Street, Ipswich, was sold to a locally-based investor by Ray White Commercial Ipswich CBD Director Damian McMahon.
Damian McMahon said the property, which included a 230 sqm workshop and 50 sqm office, attracted close to 20 inquiries and six registered bidders at the auction.
“There was strong interest in this sought after type property, which offered two street frontage,” he said.
“The auction generated some spirited bidding which culminated in two parties vying for the property at the end before it was sold under the hammer for $404,000.
“The local investor who purchased the property has a tenant ready to move in for the workshop/office and will look at the development potential of the remaining land area.”
Damian McMahon said the property was sold on behalf of a local business owners relocating to Western Australia.