$16.5M in Sales
Empire estate notches up $16.5m in sales deals
The Empire Industrial Estate at Yatala has enjoyed a run of sales in recent weeks, notching $16.5 million.
The build ready sites range from 2200sq m build-ready to 622lsq m, are finished to level-one compaction, flood-free and ready for NBN connectivity.
Buyers comprise owner occupiers and investors.
The deals have slashed the number of build-ready sites available to nine and remaining lots in general are priced from $270/sq m to $325/sq m.
The estate is being rolled 1 out on a 127ha site, with front age to Peachey Rd, by the Stephens Group.
Agent Paul Bates, of Coldwell Banker, says the sales are a result of the developer’s efforts to provide sites that offer maximum efficiency and “A number of buyers secured a site for their business and a second lot for investment purposes,” he said.
“The upside to an industrial investment is that the tenant is responsible for outgoings and maintenance of premises.
“The five-year to 10-year leases negotiated for new premises provide a long-term income stream.
“Multiple-lot buyers recognise that developing a building on prime industrial land delivers one of the best-performing assets in the current market.”
The Stephens Group’s Tony Stephens said the estate has attracted Gold Coast, greater Brisbane and interstate companies in the manufacturing and distribution sectors.
He said its location, minutes from the Pacific Hwy, offers quick access to Brisbane and Ipswich, making it an appealing option for companies seeking to expand their reach.
“We have designed the Empire Industrial Estate to cater for all tiers of business – from large-scale, national operators through to smaller, regional companies,” Mr Stephens said.
“Access and connectivity are the key drawcards for our purchasers.”
“All roads are rated for Bdouble access, and the site is serviced by a network of 23mwide link roads, double-width footpaths and bike lanes. “Later this year we aim to add to the estate’s convenience by establishing a precinct with a service station and cafe.”
Mr Stephens said designs are being finalised for a number of buildings with construction set to start in April for completion by January.
“We offer a turnkey designand-construct service through our building partner, WILKOR Developments,” he said
“Buyers can have operational premises delivered in four to six months. Also, there are builders offering turnkey packages for sale or lease.”
BUSINESS PROPERTY – FRIDAY MARCH 17 2017 GOLDCOASTBULLETIN.COM.AU