Brisbane, 31 October 2013-Basile Imports has acquired two industrial lots located within a prime Brisbane estate for $1.57 million.
Located at 1 & 2 Hugo Place, Mansfield, the neighbouring lots comprise a total land area of 4,012sqm and are serviced, benched and zoned ready for development.
CBRE’s Sam Higgins, who negotiated the sales deal on behalf of vendor Secam Street Joint Venture, said the sites’ development potential was a key selling factor.
“Initially, Basile Imports was looking to buy an existing building, however, the prime corner location of these two lots outweighed all other options,” Mr Higgins said.
“These lots offer substantial street frontage and the scope to stage the building in two parts, offering Basile Imports greater flexibility with their building requirements.”
The two sites are located within a prominent industrial estate, with modern buildings constructed on four of the 13 lots.
Basile Imports is a national importer of Italian fine food and wine.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website atwww.cbre.com.au.