Demand for Industrial Units Remains Strong

Caloundra-based HM Developments continues to redefine upmarket industrial property on the Sunshine Coast, with its latest project at Cooroy now more than 50% sold.

Investors and owner occupiers have shown keen interest in the master planned Cooroy Business Park which offers 39 architecturally designed strata-titled industrial units in a prime location next to the Bruce Highway at the southern entrance to the hinterland township.

Henzells commercial agent, Jayden Mobbs, said off the plan sales had been particularly encouraging with 20 units already under contract, ahead of the project’s anticipated June 2020 completion.

Work is powering ahead on development, with all concrete poured and internal fixtures and fittings complete in half the units. Final windows and glass doors were also recently installed.

“HM Developments has exceptionally high standards in delivering architecturally designed industrial projects of this size,” Jayden said.

“Capturing this number of sales prior to construction completion is testament to their strong understanding of the thorough and very detailed approach a project like this requires,’’ he said.

“Despite everything going on globally at the moment we have still been able to attract some international buyers, and in terms of enquiry the last month has generated relatively the same as prior to the COVID-19 situation, but far better quality buyers who are ready to purchase now.

“Demand is high amongst owner occupiers looking for freehold opportunities and investors given affordable pricing and potential returns.”

Remaining units at the Cooroy Business Park offer diversity in size, ranging from 65sqm and priced from $186,200. 

The high end units offer tilt slab construction, mezzanine approvals, high clearance roller doors for ample truck and machinery, glazed shopfronts for natural light, quality kitchenettes and bathrooms, abundant car parking and common areas for business collaboration.

For further information visit www.cooroybusinesspark.com.au.