The Gold Coast continues to be a location of interest for interstate buyers in the post-pandemic world, with a NSW buyer snapping up a Carrara industrial property for $6.055 million at auction this week.
Located at 107-115 Spencer Road, the 4.949sqm property comprises a 1,150sqm building which is currently leased to Mack/Volvo.
The property was marketed by RWC Gold Coast agent Peter Laoudikos on behalf of a Brisbane investor.
Mr Laoudikos said the property attracted plenty of interest from a range of buyers.
“We had eight registered bidders on auction day, with interest coming from a mix of owner occupiers and investors,” Mr Laoudikos said.
“However, owner occupiers competed harder on the day, with an interstate buyer landing the winning bid with the intention of waiting out the lease and relocating his business to the Sunshine State.”
Mr Laoudikos said the Gold Coast industrial market remained very competitive, which was evident throughout the campaign.
“Industrial property is in the highest demand out of all the asset classes,” he said.
“Buyers were attracted to this property due to it’s location just 30 seconds drive to the M1, the hardstand, and the short lease term given the property will be vacant in 2-3 years.”
