The only industrial land in the booming Redlands area, stages 3A, 4A and 4B of the Redlands Business Park development are now up for sale.
Redlands Business Park is a fully integrated industrial offering in one of Southeast Queensland’s fastest growing regions, strategically located halfway between the Gold Coast and Brisbane.
Upon completion, Redlands Business Park will have a total size of 228,000sqm.
The facility is currently home to over 40 industrial and service-based businesses, with the completed park expected to provide employment for over 2,000 people.
Lots 40-62 are for sale as part of the current release with lot sizes available from 1,403sqm to 20,365sqm, and prices ranging from $632,000 to $6,900,000.
The sites are being marketed by Ray White Commercial Bayside principal Nathan Moore.
“Due to overwhelming demand, we are delighted to announce the release of vacant industrial land in stages 3A, 4A & 4B at Redlands Business Park,” Mr Moore said.
“Following the sellout of the initial releases, the developer has commenced bulk earthworks with a view to having build-ready land available for construction in mid-2022.
“This new release mirrors the high standard established in the earlier stages including wide roads, clever design parameters and substantial development cost savings.
“These new land parcels provide a significant and exciting opportunity for businesses seeking a foothold in Southeast Queensland’s booming industrial property market.”
Ray White Commercial head of research Vanessa Rader said 2021 had been a standout year for the commercial property market across the Bayside region, with industrial property highly sought after.
“Sales grew to $321.89 million across the Bayside region in 2021, which represents an 132.98 per cent increase on 2020 results,” Ms Rader said.
“Industrial has grown to represent its largest volume of sales on record in 2021 at $68.36 million, represented by 75 transactions.
“The affordable price point proved attractive to owner-occupiers as well as the investor market.”