Did you know that the Clayfield property where Harris Farm Markets is located has been sold at auction? Find out why market-goers need not have any cause for alarm.
The property, located on Sandgate Road and spanning 3,300 square metres, has anchored the family-owned supermarket chain and the Clayfield Seafood Markets. The site also has a BWS liquor store, the office of JCDecaux Billboard, and Milk & Froth Cafe.
Following the sale, Harris Farm Markets, which bought Clayfield Seafood Markets next door in 2022 as part of its expansion, will continue to trade on the site alongside the other shops that have been operating for seven years or more.
Essentially, not much will change in the property apart from the new owner. In fact, Harris Farm Markets just signed a 10-year lease and will remain in Clayfield until 2032.
According to Lachlan O’Keeffe of Ray White Commercial, there was strong interest in the Sandgate Road property before its previous owner, who owned the site since 2003, decided to offload assets.
Given its tenant retention history and as the first Queensland home of Harris Farm, the property offered strong investment potential.
Published 25 March 2023
