Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Central Industry Site for Sale

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Central Industry Site for Sale

Article excerpt

A LARGE, vacant business and industry site fronting the Bruce Highway in the highly sought-after Forest Glen precinct on the central Sunshine Coast is now offered for sale.

The 9291sq m property, located at 36 Owen Creek Road, Forest Glen, is being marketed by Jerry O'Reilly and Scott Gardiner of Savills and Nick Dowling of Colliers via tender closing on March 6, 2009.

The site offers outstanding visual exposure to more than 34,000 vehicles each day on the Bruce Highway and provides excellent transport links to all areas of the Sunshine Coast, as well as north to Gympie and south to Brisbane.

Savills' Mr O'Reilly said the Forest Glen site offered a rare combination of central location, convenient access and high exposure on the central Sunshine Coast.

"Forest Glen has emerged as highly sought-after precinct for industry on the Sunshine Coast," he said.

"However, it is a very tightly-held area, with less than 20 zoned and serviced industrial allotments, and has limited future land supply in the short-term due to council and infrastructure restrictions.

"Quality industrial properties continue to be in high demand right across the Sunshine Coast and given the profile and positioning of this Forest Glen site we expect strong interest from owner-occupiers, national businesses, developers and investors alike."

Forest Glen is well established as a hub for major display-based industry on the Sunshine Coast, with businesses currently operating in the surrounding area including Toll Ipec, Shadforth Engineering, Komatsu, BP Service Station and Just Benches.

Savills' Mr Gardiner said Forest Glen was an ideal location for businesses to tap into the ongoing population growth of the Sunshine Coast, which continued to outperform the national average.

He said industrial land values in Forest Glen were now reaching $400 per square metre plus, on the back of limited supply and strong demand for premises. …

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