Industrial Property North Gold Coast

An industrial and rural land parcel at Upper Coomera on the northern Gold Coast has been sold by Ray White Commercial Queensland for $5 million.

The site at 48 Kristin Lane, Upper Coomera, was sold to a local buyer by Ray White Commercial M1 North’s Karen Seeto.

Ms Seeto said there was substantial interest in the property, which was offered for sale by tender on behalf of Callaghan Developments Pty Ltd.

“We had more than 20 enquiries about the property and seven inspections during the marketing campaign,” she said.

“It resulted in four formal offers to purchase and the property was bought for $5 million, which was a pleasing outcome for the vendor.”

Ms Seeto said the 3.04ha property is surrounded by high quality new industrial strata developments as well as retail developments.

“The property is zoned for low impact industry and rural living/open spaces under the existing town plan,” she said.

“The site is in a prime, central position in one of the fastest growing urban and industrial precincts in South East Queensland.

“Coomera has been earmarked by local and state authorities as a new satellite growth region of the Gold Coast.

“Centrally located industrial land in this precinct has become highly sought after as the region continues to grow.”

The site’s owner Janice Callaghan said she was surprised that the site sold so quickly in the current market.

“I thought the site be on the market for some months,” she said.

“I have never sold a properly as quickly as this before.”

Further inquiries:

Karen Seeto Mb: 0403 401 000

Photos: Industrial Property North Gold Coast - click to enlarge