Noosaville Industrial Unit Sold
An industrial unit in the heart of the Noosaville industrial estate on the Sunshine Coast has been sold by Ray White Commercial Noosa & Sunshine Coast North.
The vacant property at 2/ 21 Project Avenue, Noosaville, was sold to a local builder by Tracey Ryan of Ray White Commercial Noosa & Sunshine Coast North for $290,000 on behalf of a local investor.
Tracey Ryan said the 196 sqm property was one of a small block of three tilt slab industrial units on a land area of 1,013 sqm.
“The property was purchased by local builder who has found that with the improvement in the residential market, he now requires a bigger space to run his business from,” she said.
“There is currently a limited supply of 200 sqm sheds in Noosaville.
“With the slight upturn in the industrial market there were several buyers interested in this shed, particularly at the discounted rate offered by the vendor.”
As we lead into summer, commercial property investors should be taking proactive steps to safeguard their assets against the risks of extreme weather, such as wild storms and dry conditions.
Competition for limited commercial space in Noosa’s Hastings Street is hotter than ever, with an influx of high-end and luxury brands.