Strong sales activity at new industrial estate in Yatala

Strong sales activity at new industrial estate in Yatala
Strong sales activity at new industrial estate in Yatala

Sale activity of the latest stage of the Empire Industrial Estate in Yatala has been strong, with 21 sites sold for a total of $16.5 million in recent weeks.

Nine lots remain ranging from 2,200 square metres to 6,221 square metres and available from approximately $270 to $325 per square metre.

Marketing agent Paul Bates of Coldwell Banker said the strong sales activity is a result of the developer's effort to provide a product that meets current market demand.

“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,” he said.

Bates said Yatala represents value for money in comparison to other industrial areas on the Gold Coast, such as Ashmore and Molendinar.

“The location of Yatala, midway between Brisbane and the Gold Coast - the two largest consumer markets in Queensland - has made it a logical choice for expanding businesses looking to relocate into a modern premises,” he said.

Developer Tony Stephens, of The Stephens Group, said the estate has not only attracted local Gold Coast businesses, but also companies from greater Brisbane and interstate.

"It's positive to see local companies choosing to re-invest in the Gold Coast, which means the revenue and employment generated from these businesses is benefitting our city," he said.

Stephens says 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.

Tags: 
Industrial Property Yatala

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