Brand-new Redlands Business Park lots hit the market

RAY WHITE Commercial Bayside has been appointed to offer to the market a range of opportunities within the brand-new Redlands Business Park.

Land areas currently range between 1,232sq m*-7,743sq m* with larger lots available in the future, and building areas range from 235sq m* to 366sq m*, or built as.

The opportunities are being brought to market by Ray White Commercial Bayside Director Nathan Moore and Sales and Leasing Agents Jonathon Burrowes.

Mr Moore said quality industrial buildings, particularly located in Redlands Business Park, continued to command high average net face rents based on age and condition as tenants want to be centrally located to Brisbane City and Gold Coast markets.

“The outlook for potential future growth continues to motivate private investors to secure industrial accommodation with average initial yields ranging from 7.5 per cent to 8.5 per cent,” Mr Moore said.

“In comparison, high rental rates are pushing owner occupiers into the market, with half of industrial assets sold to this group.

“Existing supply of quality buildings are limited in Redland Bay which has kept values buoyed. Future supply will be able to cater to increasing demand as population grows in the region.

“As an emerging market, Redland Bay has capacity to expand in line with forecast population growth.

“As the community grows, the need for additional goods and services will lead to higher property demand by buyers and tenants resulting in potential capital growth as supply is absorbed.”

Mr Burrowes said Redland Bay was currently experiencing a period of high growth with a range of infrastructure, residential, retail and industry developments planned and underway.

“Redlands Business Park is strategically located between Brisbane and the Gold Coast with either destination reachable in under 40 minutes of travel time,” Mr Burrowes said.

“The planned and managed park boasts a range of fantastic features that place it two steps ahead of any industry precinct within Queensland and arguably, Australia.

“Available are modern, architecturally designed units with the option of additional office and retail space that provide functional use and ease of access.”

“The opportunity provided free design, planning and building advice, as well as freedom to choose your own builder with most planning approvals obtained within 24 hours.

“All roads and building access points are designed to accommodate B Double trucks and all come with high voltage power supplied to all allotments as well as access to the NBN.

“It also comes with onsite, after hours security guard, including CCTV surveillance with boom gate access to all owners and staff.

“Body corporate maintains the landscaping and common areas which includes an integrated waste and recycling program.”

*Approximately.