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Caloundra Warehouse/Office Sold for $1.1 Million

Caloundra Warehouse/Office Sold for $1.1 Million

A standalone warehouse/office in a prominent location in the industrial precinct of Caloundra on the Sunshine Coast has been sold by Ray White Commercial Caloundra for $1.1 million.

The vacant freehold property on a land area of approximately 2181 sqm at 5 Industrial Avenue, Caloundra West, was sold to local plumbing products company Plastec Australia’s owner Sydney Hawthorne by Ray White Commercial Caloundra’s Luca Reynolds on behalf of a private seller.

Luca Reynolds said the property with a building floor print of approximately 760 sqm, including an approximately 550 sqm warehouse and 210 sqm of office/showroom space, had been offered for lease.

“I informed the seller that the brunt of the inquiry we were receiving was coming from buyers looking to invest or owner occupy the property,” he said.

“The owner then understood that this was the best time to sell, and after marketing the property for the next few weeks there were multiple inquiries with one perfect outcome for both buyer and seller.”

Luca Reynolds said the property features multiple roller doors and drive way access.

“The property is ideally located in the Caloundra West Industrial Estate with exposure to Caloundra Road and the Nicklin Way,” he said.

“Caloundra’s status as a major South East Queensland growth area has also been reinforced with the construction of the Sunshine Coast University Hospitals and approval of the Caloundra South residential development.”

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