Sunshine Coast industrial freehold component sold

A local business operator has outlaid $1.04 million for the freehold component of an industrial property at Caloundra West on the Sunshine Coast.

The home to lighting company Raydz Pty Ltd, at 4 Development Court, is owned by Gary Saeger.

The property is on a site of about 2,056 square metres and includes a 1,000 square metre open span warehouse.

“This land parcel was developed by owner Gary Seager in two stages", said co-selling agent Len Greedy of Ray White Commercial Caloundra. 

"The front building was built in 1992 followed several years later by the rear building as his business expanded". Colleague Alan Gray was the joint agent. 

The combined area of the two interlocking buildings is 1000 square metres and they sit on a large hardstand area.

Gray said the new owner plans to lease the warehouse along with undertaking improvements on the property.

“Gary Seager has negotiated the sale of the business component of Raydz to a former employee,” he added.