Englobo Industrial Site Offered to Market

One of the largest infill industrial land sites within the southern Gold Coast has just been made available to purchase.

22 Rudman Parade comprises 5.5 hectares of heavy impact industry zoned land within the thriving hub of Burleigh Heads. The property is being exclusively marketed by industrial property expert Josh Wright, Director of Crew Commercial.

The undeveloped parcel of land is just 4.5km to pristine Burleigh Beach and provides quick connectivity to the M1 Pacific Motorway via two alternative exits.

“It is extremely rare for a site of this size to be offered for sale on the Gold Coast, let alone with heavy impact zoning”, said Josh Wright. “The existing lease arrangements make the property suitable for either an investor, developer or owner occupier”.

Other than the Council refuse, 22 Rudman Parade is the largest heavy impact zoned industrial land parcel in the Gold Coast south of Yatala.

There are currently seven tenants onsite providing over $1,400,000 of annual rental income from quality covenants such as Suez, Gold Coast Concrete Recycling, and Crushcon.

“This is one of the only sites offering 24/7 access for these types of businesses. Given the proximity to major development sites and important infrastructure, it makes this site extremely valuable to businesses that can gain real cost savings”, said Mr Wright.

Mr Wright said he had completed over 80 industrial transactions within the last twelve months making this market the most active he has experienced in his 16 years of specialising in industrial properties in the Gold Coast.

“The Gold Coast industrial market continues to go from strength to strength with underlying land values more than doubling over the last four years. Strong population growth, a need to hold more stock due to supply chain challenges, and the fact industrial zoned precincts are now basically built out has pushed occupancy rates to capacity. There are now almost no vacant freestanding industrial buildings between the NSW/QLD border and the northern industrial precinct of Yatala”.

“Within the last six months leasing rates for industrial buildings have increased 20% and incentives have fallen considerably. We have recently committed a number of leases with initial terms of five years plus with as little as one month rent free, compared to previous incentives of three to six months. We believe these new trading terms to hold in the short to medium term given the population predictions, large infrastructure spend with events such as the 2032 Olympic & Paralympic Games, and lack of any new industrial land that can be released especially in the central and southern Gold Coast area.

“This provides opportunities for developers and existing owners to take advantage of market conditions by resetting leases and building new stock. Given these conditions we predict another run of new builds to occur inline with stabilisation to construction costs.

“These market forces provide a multitude of possibilities for the buyer of 22 Rudman Parade. Subject to Council approval the buyer could keep the existing tenants and collect the rent; renegotiate existing lease terms; secure alternative tenants, occupy part or all of the site; conduct an industrial land subdivision; develop the property with the goal of selling or leasing the end product; or a combination of the above”.

The property is being marketed via an Offers to Purchase campaign closing Wednesday 14 September 2022.