Hot Industrial Site Sells at Sizzling Auction

Industrial property across south east Queensland continues to be in hot demand, with a Buderim site selling for $1.5 million after a sizzling auction. 

Located at 18 Kayleigh Drive, the 1000sqm freehold site was brought to market by RWC 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 a lot 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.” 

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.

“Freehold property at Kayleigh Drive is very tightly held. 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. 

For a confidential chat about your commercial property, please contact Alanna Shapland on 0435 799 321 or alanna.shapland@raywhite.com