This article is from the Australian Property Journal archive
OWNER occupiers have set a new record in the Gold Coast region with the purchase of two adjoining industrial lots in the Yatala Enterprise Area.
The 1,500 sqm lots, at 19 and 21 Christensen Road in Stapylton, sold for a combined $1.03 million – equating to $345 per sqm, the previous record sale in the region was $325 per sqm.
Selling agents Colliers International Gold Coast agents Pat Cavanagh and Geoff Beale said there had been strong interest in the sites.
“The buyers were owner occupiers who, like many others in the region, have realised the potential of land in the Yatala Enterprise Area.
“The region is centrally located between Brisbane and the Gold Coast and has quick and easy access to the motorway, which has been its major appeal.” Cavanagh said.
Beale said the shortage of available industrial land on the Gold Coast was contributing to the popularity of the burgeoning industrial estate.
“Quality industrial land, especially in smaller lot sizes, is becoming increasingly difficult to find which is why sites such as these in well positioned areas are not staying on the market for long.
“I have recently settled more than $20 million in land sales in the Yatala Enterprise Area,” Beale concluded.
Australian Property Journal
