J U S T S O L D - C A S E S T U DY
TYPE INDUSTRIAL
NLA 506M2
SOLD 27/07/2021
ENQUIRY 11
OFFERS 5
SALE PRICE $1,135,000
MARKETING $275
HIGH DEMAND SHOWS RECORD SALE FOR KUNDA PARK 14 PAGE STREET, KUNDA PARK
There has never been a better time to sell an industrial asset in Kunda Park with the demand at an all-time high, particularly from owner-occupiers wanting to take advantage of the low-interest rates and purchase their own properties. Industrial property was already in high demand across many parts of the Sunshine Coast with limited land supply prior to the COVID-19 pandemic. The accelerated growth of online retail and the restructuring of many businesses, as well as the pressure on construction, has increased the demand again in requirements for warehousing and logistics space.
EMILY PENDLETON 0402 435 446
ASSOCIATE DIRECTOR emily.pendleton@raywhite.com
The sale at 14 Page Street, Kunda Park is a true representation of the demand and supply issue we have in the current market. The property was on the market for 2 days resulting in 5 cash offers at asking price, with the asking price being the absolute top end of the market for a shed of this construction. “In 10 years, I have not witnessed such vast volumes of industrial sales and leasing enquiry, particularly across the central Sunshine Coast region. We don’t see the market changing soon with many people still moving here from the Southern States looking to operate E-Commerce and Logistics businesses,” said Emily Pendleton.
CHRISTINE FRENEY 0432 170 380
SALES & LEASING EXECUTIVE christine.freney@raywhite.com
raywhitecommercialnortherncorridorgroup.com.au