Murarrie, named for Mooraree House which was in turn derived from the Aboriginal word meaning “sticky’ or “muddy”, is located on the Brisbane River 8km from the CBD. It consists of both residential and industrial property. Settled in 1850, the land was used primarily for farming. Its meat industry was established in 1881 along the riverfront, and remained a noticeable feature until the 1990s. It was the closure and subsequent sale of the meat works, and other noxious industries that increased Murarrie’s desirability.

Murarrie is logistically well positioned and connected; surrounded by the Gateway Arterial for access to the north and south, and the Port Motorway, Lytton and Wynnum Roads to the east and west. It is serviced by Queensland Rail and Brisbane City Council buses. Brisbane’s International and Domestic Terminals are 10 mins away via the Gateway Bridge.

Murarrie Industrial Leases

Lease investments are highly sort after in this suburb. Free-standing industrial properties with good access, internal height and corporate offices feature highly on checklists for investors. “Murarrie holds a reputation for attracting good quality tenants”, claims Alex Smith of Ray White Industrial. In recent times, inquiry in Murarrie has been mostly for small office content leasing; that is traditional large space warehouse with small office spaces. Lease stock is always price driven; the best quality buildings at the lowest asking price inevitably lease quickly. Recent transactions for small office space have yielded prices between $200/sqm and $300/sqm. Situated in the popular complex of “Metroplex on Gateway”, 3/40 Borthwick Avenue was a good example of premium industrial property in Murarrie. Listed by Stephen Ferguson of Ray White Industrial, this property boasted high quality office spaces, dual roller access and large internal warehouse clearance.

Borthwick Ave, Murarrie

Murarrie Sales

In terms of sales, transactions in Murarrie have been limited in recent times, due mostly to lack of stock. Sales for strata-titled units have yielded between $1800/sqm and $2400/sqm while free-standing units have brought about $1300-$2000/sqm.  One such transaction was the sale of 1/60 Alexandra Place, Murarrie; an investment sale which settled just prior to Christmas 2013. Listed by Stephen Ferguson of Ray White Industrial, this property sold in only five days. “Its appeal came from the fact that it was one of only two units on the site so congestion was minimal”, Stephen explains. “Its hardstand and exposure to the gateway were also key features of this property”.

Alexandra Place, Murarrie

Murarrie is strategically located at the southern base of the Gateway Bridge, features one of Brisbane’s arguably best complexes; “Metroplex on Gateway, and is home to corporations such as Toll and LG. Murarrie makes good investment sense. For further information regarding industrial property investments in Murarrie or for general enquiries please contact our office: Ray White Industrial – Milton (07) 3331 5444 industrial.milton@raywhite.com * All prices are indicative only. Variations will be contingent upon the quality, size and age of an individual property. RESOURCES: www.queenslandplaces.com.au/murarrie, en.wikipedia.org/wiki/Murarrie