New tenant fixes into Empire estate
A GROWING tools and fastening supplies business has moved to become a fixture at the Gold Coast’s largest industrial estate in Yatala.
Ultimate Tools and Fasteners has signed a five-year lease on a 705sq m space at Empire Industrial Estate. The property was leased for $115-120sq m plus GST plus outgoings.
“Like a takeaway food outlet, any decent-size industrial area has an associated fastening operation and we have grabbed the chance to be that operation,” director Jim Stevens said.
“The majority of businesses moving into Empire Industrial Estate require fasteners or facets for the jobs they deliver and we’ll be there to assist them. We also service building sites between Brisbane and the Gold Coast so the central location was a key factor when making the decision to move.”
Ultimate Tools and Fasteners previously leased a 200sq m site at Luscombe.
“We’re looking at some good growth in the future so we wanted to move into a space that will see us out for a long time,” Mr Stevens said.
The Ultimate Tools and Fasteners tenancy follows $36 million in land sales last year at Empire Industrial Estate.
Estate developer The Stephens Group is moving on to stage six of the project, which offers larger lots of up to 7000sq m.