Major industrial development site at 8 Roys Rd, Beerwah hits market
Buyers are expected to scramble in order to snatch up a major subdivision opportunity on the Sunshine Coast in one of South East Queensland’s strongest industrial development areas.
Sunshine Coast
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A large development block in a major industrial growth sector of the Sunshine Coast is expected to grab buyer’s attention among a lack of supply in the region.
The 16.49ha property at 8 Roys Rd in Beerwah has been listed by Knight Frank agents Chris Sales and Mark Clifford with expressions of interest currently welcomed.
Mr Sales said the property will provide the opportunity to secure great development potential.
“It is very well suited to a small-lot subdivision of substantial scale, which would be highly sought after in the current market,” he said.
Mr Sales noted there was currently a huge demand for industrial land and warehouse facilities on the Sunshine Coast while experiencing a lack of land supply.
“Demand for the subdivided product will come from a wide range of owner occupiers and tenants, with the market needing new industrial blocks ranging in size from 100sq m to 500sq m for small warehouse options right up to 2,500sq m on some of the larger blocks,” he said.
The neighbouring property at 42 Roys Rd has been able to prove the demand and success in the area, after its approved industrial small lot subdivisions have now almost completely sold out.
Mr Clifford said the selling property is located in one of the strongest industrial growth corridors in all of South East Queensland and one of the most rapidly developing industrial hubs on the Sunshine Coast.
He listed the site as about 60km away from the Brisbane CBD, a 30 minute drive from the Maroochydore CBD and “on the doorstep” of the Bruce Highway.
“With the serious lack of industrial land, the Beerwah precinct, which has excellent connectivity, will have wide appeal for businesses seeking to service both Northern Brisbane and the Sunshine Coast region,” Mr Clifford said.
“The property is set to reap the benefits of the massive population growth in South East Queensland, especially given its strategic location near the Beerwah East Major Development Area.”
The demand for land has been leading to historically low vacancy rates on the Sunshine Coast and consequently driving exponential increase of land values and rental growth, Mr Clifford said.
The deadline for expressions of interest has been marked for 4pm on October 9.
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