The sale highlights the ongoing strength of the Sunshine Coast industrial market, where limited land supply and strong tenant covenants are continuing to drive aggressive investor activity.
The property, which comprises a 1,200 square metre industrial building on a 2,719 square metre allotment, has been leased to national retailer Fantastic Furniture since 2014. A long-standing tenant with a strong covenant, Fantastic Furniture remains on a five-year lease that recently underwent a market rent review, though a ceiling clause has capped the uplift achievable in the short term.
Despite this, the asset’s strategic location within Buderim’s core industrial precinct, combined with stable income and low outgoings, made it an attractive proposition for investors. The RWC Northern Corridor Group’s Shadforth Commercial Property Team, led by David Goldsworthy and Samuel Hoy, undertook a discreet off-market campaign, targeting a curated group of pre-qualified investors.
“This was about quality over quantity. We knew exactly who to approach; cashed-up buyers looking for prime industrial assets with long-term fundamentals. That’s why we saw such a swift, unconditional result,” David Goldsworthy said.
The campaign generated strong enquiry almost immediately, and the property was placed under contract with a local investor who moved quickly, completing minimal due diligence and settling the deal within 10 days. The vendor, a retired investor, sought a low-disruption exit, which the off-market strategy delivered.
“Even with a rent cap in place, the property’s fundamentals stacked up,” said Samuel Hoy. “A national tenant, solid income at approximately $153,000 net per annum, and sustainable outgoings around $23.80 per square metre, this is exactly what investors are chasing.”
The sale also speaks to broader trends in the Sunshine Coast industrial sector. Freestanding investments remain in extremely high demand, and yields continue to compress as land becomes harder to find. State government developer EDQ has sold out Stage 2 of the Sunshine Coast Industrial Park, and Aura Business Park is now in its final release stage, clear indicators of a dwindling development pipeline.
“Land is the choke point,” said Mr Goldsworthy. “With population growth and infrastructure spending pushing demand higher, rental rates are only heading in one direction. That’s why investors are willing to act fast and pay sharp yields for assets with long-term value.”
The team says this transaction is a textbook case of how strategic, relationship-driven campaigns can deliver premium outcomes while protecting the vendor’s position.
