Industrial property in Yeerongpilly / Tennyson, Brisbane — lease, sale & leaseback and build-to-suit

Local context

Why Yeerongpilly / Tennyson is strategic

Yeerongpilly and Tennyson sit on the inner-southern bend of the Brisbane River, roughly 6–8 km from the CBD. Their industrial roots run deep: away to the south-west, between the railway line and Moolabin Creek, sat a working industrial belt — Austral Plywoods opened here in 1925, alongside a cigarette factory, a wine warehouse and a railway goods yard. The Tennyson Power Station operated from the 1950s until 1986, fed by coal barged down the river from Ipswich. This was, for much of the twentieth century, a genuine industrial riverside precinct serving Brisbane's south-west.

That character has narrowed sharply. The power station site was redeveloped from 2005 into the Queensland Tennis Centre — home to Pat Rafter Arena and the Brisbane International — and the Tennyson Reach riverfront apartments. The 14-hectare former Animal Research Institute at Yeerongpilly is being transformed into Yeerongpilly Green, an $850-million residential and mixed-use village beside the upgraded Yeerongpilly station. The consequence is that industrial land here is no longer expanding; it is a finite, select resource concentrated in the established pocket rather than a broad precinct.

Where industrial does remain — principally along Fairfield Road — it is high quality and strategically positioned. Recent activity proves the point: a 10,125-square-metre, 6 Star Green Star facility on a flood-free site above the Q100 level was leased in 2026, sitting opposite the Clapham Yard Cross River Rail works; another Fairfield Road holding is leased to Queensland Rail. Agents describe such assets as among the last opportunities to secure industrial space of this scale on the inner-southern fringe. For a permanent-hold investor, scarcity, rail adjacency and flood-resilient ground are an unusually attractive combination.

Typical asset types here

A limited supply of freestanding warehouses, office/warehouse and showroom-warehouse facilities, and occasional larger distribution buildings, concentrated along the Fairfield Road corridor on General Industry-zoned land — quality, well-located parcels rather than large heavy-industrial holdings.

What drives demand

• Genuine scarcity — industrial land is shrinking as Yeerongpilly Green and the Tennyson riverfront convert former employment sites to residential.
• Inner-south position — roughly 6–8 km to the CBD with direct access to Ipswich Road and the southern arterial network.
• Rail and infrastructure adjacency — Yeerongpilly station, the Fairfield Road rail corridor and the adjacent Clapham Yard Cross River Rail works.
• Flood-resilient parcels — select Fairfield Road sites sit above the Q100 flood level, a meaningful differentiator on the inner-south riverbend.