100% Locally Owned, Independent and Free

100% Locally Owned, Independent and Free

Bidders scramble for site at auction amid increased interest in industrial land

Do you have a news tip? Click here to send to our news team.

New building doubles city centre’s residential capacity

The Maroochydore city centre will soon be home to about 300 more residents, after the opening of a two-tower development. The Corso Residential Apartments, by More

Group calls for mass changes at camping hotspot

A group of government, tourism and environment representatives has called for widespread changes to improve management of a booming camping destination. The Teewah and Cooloola More

New boardwalk opens along Coastal Pathway

A 160m section of beachfront boardwalk has opened to the public after nine months of construction. The Caloundra Headland boardwalk, near Kings Beach, has replaced More

Boy, 11, dies after collision between bike and bus

An 11-year-old boy has died following a bus crash in Buderim this afternoon. Preliminary inquiries indicate a bus was travelling along Jingellic Drive near Karawatha More

Ultimate field trip inspires students to consider further study

Two Sunshine Coast Year 12 students have seen where tertiary education can take them during the field trip of their lives, thanks to the More

Glamping retreat and century-old homestead for sale

A 20-hectare property with glamping sites and a 100-year-old homestead has hit the market. Kanimbia estate, at 27 Innalls Road at Obi Obi, has attracted More

More than a dozen prospective buyers have jostled for an old site beside the Sunshine Motorway, amid growing demand for industrial properties.

No.18 Kayleigh Drive at Buderim sold for $1.5 million after a well-attended and highly-competitive auction.

The 1000sqm freehold site was brought to market by Ray White Commercial Noosa and Sunshine Coast agents Tracey Ryan and Alanna Shapland, on behalf of an investor who had owned the property since 2004.

Ms Shapland said the property received plenty of interest.

“The seller wanted the property sold before the end of the financial year, which gave us a very tight campaign timeframe of barely four weeks on market,” she said.

“A targeted marketing campaign with a realistic budget coupled with weekend inspections attracted strong interest from the market and a sale price everyone was delighted with.”

No.18 Kayleigh Drive on the western side of the Sunshine Motorway at Buderim.

With 15 registered bidders on auction day, Ms Shapland said there was a diverse mix of buyers.

“We had a mix of owner-occupiers and investors bidding on the day,” she said.

“A number of the buyers were locals from the area, plus bidders from Townsville and interstate.”

She said industrial property prices continued to rise, particularly in that area.

“Freehold property at Kayleigh Drive is very tightly held,” she said.

“The last freehold sale was in 2022, with a similar building and block size selling for $930,000.

“The property has always been leased, due to its popular position, and the price point was sub-$2 million, so it was affordable for all types of buyers.”

The winning bid went to a local investor.

No.18 Kayleigh Drive has two tenants in place.

The property features a 400sqm warehouse subdivided into four units, a block and metal decking warehouse with office and amenities, low-impact industry zone and 12 car parks.

Current tenants include Doggie Adventure Playhouse and Coastal Style Joinery.

Do you have an opinion to share? Submit a Letter to the Editor at Sunshine Coast News via news@sunshinecoastnews.com.au. You must include your name and suburb.

Subscribe to SCN’s Daily News

This field is for validation purposes and should be left unchanged.
[scn_go_back_button] Return Home