Premium Pharmaceutical Facility Drives $4m Warana Sale

RWC Noosa and Sunshine Coast agents Adam Morley and Brenton Thomas have successfully completed the $4 million sale of 31 Production Avenue, Warana, highlighting the continued strength of high-quality Sunshine Coast industrial assets and setting a new benchmark for per-square-metre rates for large standalone warehouses in the precinct.

The freehold industrial property sits on a 2,028sqm site and offers a total building area of 1,043sqm, including an ultra-modern 560sqm pharmaceutical manufacturing fitout that is ready for immediate production.

The asset’s high specification was a defining factor in the result, with the purpose-built pharmaceutical fitout representing a capital investment in excess of $2.2 million.

Located in Warana’s established industrial hub, the property provides an ideal foundation for manufacturing, processing and warehousing, while also offering scope for future expansion.

Adam Morley of RWC Noosa and Sunshine Coast said the quality of the improvements clearly resonated with the market. “This is a genuinely best-in-class industrial facility, and the level of finish and functionality is rarely seen in standalone warehouses of this scale in Warana,” he said. “That quality translated directly into strong buyer confidence and a premium outcome.”

The sales strategy focused on targeting pharmaceutical operators who could fully utilise the specialised manufacturing infrastructure, while also appealing to traditional industrial buyers such as owner occupiers and investors.

Despite the specialised nature of the asset, the campaign generated broad interest and competitive tension. Brenton Thomas of RWC Noosa and Sunshine Coast said enquiry levels exceeded expectations.

“We saw strong interest from a mix of owner occupiers, investors and pharmaceutical manufacturers, with multiple parties submitting competitive offers,” he said. “That competition was key to achieving a result that not only delighted the vendor, but also reset pricing expectations for large-format industrial assets in the area.”

The property was ultimately secured by a local pharmaceutical manufacturer seeking to expand production capacity, with the sale achieved via private treaty in December 2025.

Based on the sale price, the transaction reflects a building rate of approximately $3,835 per square metre and a land rate of around $1,972 per square metre, reinforcing the depth of demand for premium freehold industrial property in Warana and highlighting the value attributed to high-spec, purpose-built facilities in tightly held industrial markets.

For further information contact Adam Morley on 0476 168 712 or Brenton Thomas on 0407 693 467.