Australia’s cold storage property market is entering a phase of unprecedented growth, and a prime Gold Coast asset at 1/52 Spencer Road, Nerang is perfectly positioned to benefit from the trend.
Located just off the M1 Motorway, the high-exposure, three-level concrete structure offers exceptional potential for conversion into a specialised cold storage facility, ideally suited for pharmaceutical, healthcare or temperature-sensitive logistics users.
The property’s premium location, visible to more than 140,000 vehicles daily and less than two kilometres from both the Nerang North and South on-ramps, provides exceptional accessibility, rapid distribution potential, and significant signage opportunities along one of Queensland’s busiest highway corridors.
Ray White Robina's Kris Valcic said the building’s design and location make it a standout candidate for pharmaceutical cold storage conversion.
“This property’s location and structure are ideally suited for cold storage,” Valcic said. “The concrete build, highway proximity and drive-through design allow for efficient logistics, fast dispatch and secure pharmaceutical storage, all critical elements in today’s expanding cold chain sector.”
With its reinforced concrete construction, secure drive-through access, and full lift servicing all levels, the 1,400-square-metre building has been engineered for flexibility. The existing fit-out includes polished concrete showroom floors, high ceilings, dual roller doors, MRV-rated access, and 18 on-site car parks, providing a solid foundation for operators seeking a scalable, temperature-controlled facility.
According to Ray White head of research Vanessa Rader in her most recent report, Australia’s cold storage market is currently experiencing exceptional momentum. Transaction volumes surged 156 per cent compared with the same quarter last year, with a rolling 12-month total of $480 million, up nearly 12 per cent on the prior period. Industry experts say this signals not just recovery from the subdued 2023–2024 cycle but a structural re-rating of the sector’s investment credentials.
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“We’re witnessing a structural shift in industrial demand,” Mr Valcic added. “Cold storage for pharmaceuticals and healthcare has become one of the most resilient and high-performing asset classes in 2025, particularly across Southeast Queensland.”
Major pharmaceutical and logistics players, including Chemist Warehouse, Sigma Healthcare, EBOS Group, API, and Symbion, continue to expand in Queensland, driving strong demand for localised temperature-controlled storage and distribution hubs. The Nerang property’s accessibility and visibility place it directly within this emerging logistics corridor.
Originally purchased in 2018 by Angles Renovation, the site was developed to support the company’s growing renovation business. After several successful years of operation, the owners are now pursuing new opportunities and offering the building for sale as it is surplus to their requirements.
Offered with vacant possession and seeking interest above $6 million + GST, the property sits on a 783sqm* site with a gross floor area of 1,400sqm* spread over three levels. It is zoned for Low Impact Industrial use and currently approved for Hardware and Trade Supplies, providing a flexible base for adaptive reuse or cold chain redevelopment.
Mr Valcic said the asset’s blend of visibility, security, and accessibility sets it apart from typical industrial offerings.
“Given its proximity to the M1 and its exposure to one of the Gold Coast’s busiest corridors, this building could easily become a critical hub for pharmaceutical distribution or other cold chain operations,” he said. “With Australia’s cold storage sector continuing to expand, properties like this represent rare, future-ready investment opportunities.”
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