Caboolture industrial unit sells for $345,000

An owner-occupier has secured a vacant industrial unit in the Moreton Bay Region of Caboolture for $345,000.

The 194 square metre strata unit, is situated at 1/1 Lear Jet Drive, on the Corporate Park Estate.

Ray White Commercial Northern Corridor Group Principal Chris Massie said it was one of the more hotly contested auctions of the year for the office.

“We had 20 genuine enquiries and 10 inspections and that resulted in having eight registered bidders on the day, some of whom hadn’t even inspected previously,” Mr Massie said.

“Bidding started at $200,000, and after more than 30 bids from five different bidders the hammer fell, selling well over reserve at $345,000.

Ray White Commercial Northern Corridor Group Sales and Leasing Executive Aaron Canavan said the sale provided more evidence of a growing trend in increasing appetite for vacant properties with good features.