Industrial site sale makes Sunshine Coast history

Industrial site sale makes Sunshine Coast history

Skybound Fidelis Investment Group has made one of the largest ever industrial investments on the Sunshine Coast in Queensland with the purchase of a 7,933sqm freestanding facility for $13.1 million.

The site is located within the booming Sunshine Coast Industrial Park at 87-101 Fred Chaplin Circuit in Bells Creek, which is 3km from the soon to be completed $812.95 million intersection upgrade linking the Bruce Highway to Caloundra.

Savills state director Scott Gardiner was the exclusive marketing agent on the deal.

"The successful sale reflected a yield of approximately 6.8 per cent. At the start of the campaign it was widely speculated that this could not be achieved, so we are very pleased with the final result," says Gardiner.

The brand new industrial facility is situated on a 12,160sqm corner allotment, and is fully leased to ABC Manufacturing on a 10-year contract due to expire in 2028.

The warehouse also features mezzanine levels on the north and south side of the building which have surface areas of 304sqm and 242sqm respectively.

Skybound Fidelis Investment Group is part of the multinational Skybound Capital Group, a global wealth management business.

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Get our daily business news

Sign up to our free email news updates.

 
Whitefox Recruitment founder Luke Hemmings making strides as a careers leader
Partner Content
After relocating his Canberra-founded company Whitefox Recruitment to the Gold Coast la...
Whitefox Recruitment
Advertisement

Related Stories

ASIC secures its first court win for greenwashing against US giant Vanguard

ASIC secures its first court win for greenwashing against US giant Vanguard

The Australian corporate watchdog has caught out one of the world&r...

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Australian-founded medicinal cannabis company Althea Group (ASX: AG...

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Listed funds manager 360 Capital Group (ASX: TGP) has offloaded its...

Lendlease gains approval for $1.7b transformation of Queen Victoria Market precinct

Lendlease gains approval for $1.7b transformation of Queen Victoria Market precinct

Australian development giant Lendlease Group (ASX: LLC) has been gr...