Investor confidence appears to be on the rise at Townsville with the sale of two warehouse units at 547 Industry Park, Mount Louisa.
Two North Queensland-based investors have snapped up deals on the warehouse units with Unit 3, tenanted by VisionStream, selling for $475,000 and Unit 15, tenanted by Coffey Corporate Services, selling for $950,000.
Glen Wintour, business development manager for Gibb Group, the company that manages the industry park said both buyers liked the park’s competitive pricing structure and its high quality units.
“547 has attracted well known and established businesses on either long-term leases or as owner-occupiers,” Mr Wintour said.
“The 547 community now boats a number of strong local brands, international companies and a government tenant which has meant that investor interest has always been strong and let units have really been available on the market for very long.”
547 Industry park comprises 27 office and warehouse units, with 14 units ranging from 187sqm to 1129sqm available for purchase from $1,130 per sqm or lease from $100 per sqm plus GST per annum.
The park has exposure to 16,000 cars per day on Woolcock Street.
Melbourne-based Gibb Group has acquired the Gracemere Industry Park at Rockhampton.
It is a masterplanned 25Ha subdivision at the gateway of the Central Queensland mining region.
Rockhampton based Gibb Group development manager Matthew Thisleton said that Gracemere Industry Park provided benefits in transport costs, serviceability and affordability for businesses looking to service the Bowen basin and the Galilee Basin.
“As industry in both Townsville and Rockhampton continues to grow, the demand for flexible industrial land and warehousing solutions will also rise,” Mr Thiselton said.
Gibb Group will showcase 547 Industry park and Gracemere Industry park at this week’s NQ Expo at Townsville entertainment centre on March 27 and 28.
Townsville Bulletin – 26 March 2014