Sentinel Property Group sells Toowoomba industrial property in Wilsonton to local investor through Colliers for $16.25m

A major Australian property firm has sold off its only Toowoomba asset to a local investor for more than $16m, in a move real estate agents believe bodes well for the year to come.

A major Toowoomba industrial precinct has been snapped up by a local investor for more than $16m, after it was offloaded by a leading property trust.

Unlisted investment firm Sentinel Property Group sold its only local asset — a 1.6-hectare, 11-tenancy site off Gardner Court in Wilsonton for $16.25m through Colliers Toowoomba in January.

Real estate say the result is an endorsement of the city’s industrial and commercial property market.

The tenancy mix features industries like agriculture, logistics, engineering and vet supplies, with businesses including BD Agriculture, CEEM Engineering, County Vet Wholesaling, Supercharge Batteries and Sunpork.

The sale price, which has been the largest in the Toowoomba region so far in 2025, was a 50 per cent increase on the $11m the firm paid for the asset back in 2021, having bought it off the original developer and owner FKG Group.

Sentinel Property Group has sold its only asset in Toowoomba, by offloading a multi-tenanted warehouse/office complex for more than $16m.

“This property has performed well for Sentinel investors but our decision to sell is always based on Sentinel’s strategy of buying at an opportune time and then selling based on our view of the market,” Sentinel Property Group chief executive Warren Ebert said.

“This property offers a net lettable area of 7305sq m and the sale price achieved is $2225 per sq m, approximately 48 per cent above the purchase price.

“Wilsonton is Toowoomba’s premier industrial hub, where exceptional logistics and connectivity provide an ideal environment for businesses.

“Toowoomba’s real estate market is diverse with a mix of industrial distribution hubs, business centres, retail outlets and development opportunities.”

Sentinel Property Group has sold its only asset in Toowoomba, by offloading a multi-tenanted warehouse/office complex for more than $16m.

Selling agent and Colliers managing director Dan Dwan said the off-market transfer had sparked a lot of interest among would-be buyers.

“At that sort of price point, it shows the confidence in the Toowoomba market that people are willing to put that level of investment into an asset,” he said.

“When they bought the asset, they timed it well and combined with the confidence in real estate and the tightening of some of those yields, it’s delivered a good result.

“This was transacted off-market, I know some were disappointed they didn’t get a chance to look at it, because it ticks a lot of the boxes.

“It sets up a good start to the year that so early in 2025 we’re getting such big results, and we expect some more to come through soon.”

The sale is the third-largest transfer on record for the suburb of Wilsonton this century, behind the sale of the Wilsonton Shopping Centre ($49m) and Hometown Australia’s over-50s village ($25m) in 2021.