Lots remaining in Gold Coast's Empire Industrial Estate
Some 21 lots have sold so far in the Gold Coast's Empire Industrial Estate in Yatala for a total of $16.5 million, with nine lots remaining in stage four.
The sites available are finished to level one compaction, ready for NBN connectivity and costed from approximately $270 to $325 per sqm.
The sites sold ranged from 2,200sqm to 6,221sqm.
Paul Bates of Coldwell Banker, saidYatala still represents excellent value for money in comparison to other industrial areas on the Gold Coast, such as Ashmore and Molendinar, where land prices have reached around $450/sqm over the past 12 months.
"We have had a number of buyers secure a site for their own business and then decide to purchase a second lot for investment purposes, not only for the higher investment yields when you compare industrial property to other types of assets, but also because they have embraced the overall vision of this estate " he said.
"The upside to an industrial investment is the tenant is responsible for paying the outgoings and maintaining the premises.
Empire Industrial Estate is being developed by The Stephens Group, spearheaded by Gold Coast locals Tony and Phillip Stephens.
Tony Stephens said the estate has not only attracted local Gold Coast businesses, but also companies from greater Brisbane and interstate involved in manufacturing, material handling and distribution.
"Access and connectivity are the two key drawcards for our purchasers," he said.
"We have invested a lot of time and resources into the design of this estate with all roads being rated for B-Double access, and the whole site is serviced by a network of 23 metre wide link roads, double width footpaths and bike lanes.
"Later this year we are aiming to establish a new commercial precinct within Empire Industrial Estate, complete with a service station and cafe to add to the convenience of working here."
"Designs are now being finalised for buildings in stage four, which are expected to start in April and be completed in the last quarter of 2017.
"We can offer a turn-key design and construct service through our building partner WILKOR Developments, so purchasers can secure a lot, brief our builder on their requirements and have a fully operational premises delivered within just four to six months."
For more information visit empireestate.com.au
