Machines arrived on site this week to commence works on Corporate Park East, the first industrial land release in Caboolture since 2006. This adds to the already impressive count of twenty-nine active residential projects currently under way in Moreton Bay, the most of any region in South East Queensland according to the latest Oliver Hume report.
Demand for the new general industry lots is expected to come from owner occupiers in the surrounding area and investors looking to capitalise on the very low vacancy rates in the adjoining Corporate Park estate, but it is the interest from national companies that marketing agent Chris Massie of Ray White Commercial finds the most interesting.
“We have always been a relatively local and insulated market, but the success of North Lakes and the residential construction activity being generated by Caloundra South and Caboolture West has changed the perception of Caboolture among the national companies. It has become clear that this will be the centre of growth in the region for the next twenty years and the bigger players are starting to position themselves accordingly” said Chris.
Inclusion of eight 1,000m2 lots in stage one will provide opportunity for owner occupiers and investors to buy and build their own freehold tenancies, rather than the strata options on traditional 2,000m2 lots.
“The prospect of being able to build a four or five hundred square metre shed, put a fence around it and not worry about neighbours or shared parking is heaven for some businesses.” Said Ashley Rees of Ray White Commercial.
“Our latest market research shows Corporate Park is at 94% occupancy and there are some real growing pains among some of the businesses in the area, not to mention the national interest. We have the builders and consultants on standby to help these businesses make the move and it will be exciting to see who’s first.”
Stage 1 is due for completion in March of next year, with tenants and owner occupiers expected to move in to the first new buildings within twelve months. Land sizes start at 1,000m2 and can accommodate up to 3-hectare requirements.
Contact Chris Massie on 0412 490 840 or view the interactive brochure HERE