Beenleigh value is reshaping market
VACANT Beenleigh land and hardstand priced at almost half that of the central Gold Coast region is drawing developers to the northern industrial precinct.
Recent sales include a 3250sq m block at 11-17 Frank Heck Close, which sold to a Gold Coast developer for $572,000.
The property was sold by McFadyen Consulting Pty Ltd, which acquired it for $536,250 in 2010. Cushman & Wakefield’s Luke Smith, who negotiated the deal for 11 Frank Heck Close with colleague Dave Kertesz, said affordability was trumping location for land buyers.
Mr Smith said Beenleigh land or hardstand was selling for $180 to 230sq m + GST compared to $380 to 420sq m + GST on the central Gold Coast.
“Beenleigh provides owneroccupiers and developers an opportunity to acquire a site that fits their requirements for almost half the cost of acquiring land in the central Gold Coast region,” Mr Smith said.
He said the buyer for 11 Frank Heck Close was seeking to custom-build facilities for tenants who precommit to leasing space at between $110sq m and $115sq m net.
Mr Smith and Mr Kertesz have also launched a marketing campaign for the lease of a vacant 2.3 ha site at 19-41 Spanns Rd.