Industrial property in Underwood, Brisbane — lease, sale & leaseback and build-to-suit

Local context

Why Underwood is strategic

Underwood occupies a distinctive position straddling the Brisbane-Logan boundary, which gives its industrial and commercial precinct a dual character rarely found elsewhere in the corridor. The suburb's business activity is concentrated along Logan Road, Kingston Road and Compton Road, forming what is locally known as the Underwood Business Centre — a mixed-use development area that incorporates the Underwood/Slacks Creek industrial estate alongside retail, commercial and office premises. This proximity to two council areas gives occupiers access to both Logan's industrial land base and Brisbane's denser residential catchment for workforce and trade custom.

Retail anchors give the precinct its public profile: Bunnings Warehouse sits on Compton Road roughly 18.6 kilometres south-east of the Brisbane CBD, alongside Big W, Woolworths and The Zone, a privately owned retail estate. But behind these bulky-goods and retail frontages sits a genuine base of light-industrial and trade premises — smaller warehouse and office-warehouse units along Compton Road and Kingston Road, typically featuring container-height roller doors, air conditioning and dedicated parking, serving trade, service and light-manufacturing occupiers rather than large-format logistics operations.

Underwood's connectivity is a core part of its appeal. The suburb sits within close proximity of both the M1 Pacific Motorway and the Logan Motorway, giving occupiers ready access to Brisbane's CBD to the north and the Gold Coast and broader Logan industrial base to the south, without the site itself needing direct motorway frontage. That slightly more sheltered position, combined with its retail-anchored precinct and dual-council catchment, gives Underwood a character distinct from Logan's larger big-box estates — a finer-grained, trade-and-service-oriented market that has proven durable over a long period.

For owners and occupiers, Underwood represents the kind of established, well-connected secondary precinct that underpins a diversified industrial portfolio — smaller in scale than Crestmead or Berrinba's flagship estates, but valuable precisely because it serves the everyday trade, service and bulky-goods needs of businesses operating along the Brisbane-Logan boundary.

Typical asset types here

Underwood's stock centres on smaller-format light-industrial, showroom and bulky-goods buildings along Compton Road and Kingston Road — typically in the order of 100 to 300 square metres per tenancy — alongside a handful of larger retail-anchored sites. Buildings commonly feature container-height roller door access, air conditioning and dedicated on-site parking, suited to trade, service and light-manufacturing occupiers.

What drives demand

• A border position between Brisbane and Logan, drawing workforce and trade custom from both council areas.
• Close proximity to both the M1 Pacific Motorway and the Logan Motorway without requiring direct frontage.
• An established retail-anchored precinct (Bunnings, Big W, Woolworths, The Zone) that drives passing trade to adjoining bulky-goods and light-industrial premises.
• A fine-grained, multi-owner property base offering smaller and more accessible entry points than large master-planned estates.