117 Formation Street

Wacol QLD 4076

- Heavy power supply
- Abundant security fenced sealed conc. and bitumen hardstand
- Near new 20 tonne & existing 5 tonne gantry crane storage sheds
- Offers to purchase over $6Million
The property represents an extremely well located, highly exposed corner site in the heart of the prime industrial precinct of Wacol. The property has excellent access and exposure to Boundary Road and Formation Street being the main local feeder roads for the area. The property also has good access to the major arterials of Ipswich Motorway accompanied by the Logan Motorway connecting to the Centenary Highway.
The subject property will benefit greatly from an astute purchaser optimising the asset's true potential through further development of the majority of the site for companies seeking higher exposure positions and realising the full potential of higher and better use options on the north east portion of the site. Subject to council approval, higher and better use options include dealership, sales, convenience retail, fuel and fast food drive through offerings to name a few.
The asset will provide solid investment growth through a proactive approach accompanied by further high end benchmark land sales in the nearby Metroplex on Westgate estate. Further to this, the site will benefit significantly by the future proposed extension of Boundary Road through the Metroplex on Westgate estate from Richlands to Wacol.