A local property developer has acquired more than 5,000sqm in a Coast industrial park with plans to transform it into 11 industrial lots.
RM Capital secured the corner site on Central Park Road, near the entrance to the Yandina Industrial Park, for $3.85m in an off-market transaction.
The company settled on the property in mid-June and has already oversubscribed its investment fund established to finance the project.
The company stated that investors moved quickly to secure a stake in what it described as “a rare industrial land redevelopment opportunity”. It added that investors were motivated by growing concerns that the region’s supply of industrial land could be exhausted within the next few years.
The prominent site occupies one of Yandina’s most strategic industrial locations, just three minutes from the town centre.
RM Capital plans to lodge a development application with Sunshine Coast Council to transform the property into 11 industrial lots aimed at owner-occupiers and investors.
Existing warehouse buildings and vacant structures on the site will be demolished to make way for the redevelopment.
RM Capital director Remi Rafter said opportunities to develop industrial land in Yandina were increasingly scarce.
“This is a key corner site – one of the best in Yandina,” he said.
The property has a sealed dual-carriageway frontage with minimal traffic and strong exposure to local business activity.
Demand is expected to come from trades, construction and service-sector businesses seeking smaller-format industrial space.
With projects including the Maroochydore city centre, airport expansion and ongoing transport upgrades reshaping the region, demand for industrial accommodation has intensified while available land supply continues to tighten.
RM Capital expects to market and sell the lots over the next two years.
