Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Kunda Park at Fever Pitch; Development Drives Demand for Commercial Sites

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Kunda Park at Fever Pitch; Development Drives Demand for Commercial Sites

Article excerpt

ACTIVITY in the Kunda Park Industrial Estate on the central Sunshine Coast is at fever-pitch with one leading commercial real estate executive completing several sales and leasing transactions in the past quarter.

Ray White Commercial North Coast Central's Emily Pendleton has leased four industrial units in the estate and sold another property since the start of the financial year.

Ms Pendleton said Kunda Park had grown in popularity with a range of businesses including small manufacturers and retailers.

She said properties were being leased at record rates per sqm, per annum.

"We are experiencing unprecedented interest in the Kunda Park Industrial Estate," Ms Pendleton said.

"Due to the increased amount of residential and commercial development on the Sunshine Coast such as the new Maroochydore CBD, and projects such as Aura, Harmony and Birtinya, we are seeing a lot of new trades and supply businesses looking for shed space.

"This has increased the demand for medium size sheds and we are seeing these sheds lease within a matter of days. …

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