Alder Developments’ Aspire Industrial Park is now complete, with just eight lots remaining on the market.
The rare 11-hectare site located in the heart of the Yatala Enterprise Area (YEA) represents some of the last remaining land in southern South East Queensland zoned for high impact manufacturing, business, and operations.
Comprising of 15 subdivided lots ranging in size from 4,010m² to 8,985m², the development has been heralded as the latest industrial hot spot for businesses looking to secure some of city’s last available high impact zoned land.
The development’s exclusive selling agent, Corwells director Paul Bates says the project is the only estate to be released in the YEA in the past decade with high impact zoning.
“High impact zoned land on the Gold Coast is dwindling with just 67ha of underdeveloped high-impact land in the Yatala-Stapylton area, and Aspire represents 16 per cent of this land,” says Mr Bates.
“Aspire gives businesses the unique ability to operate 24-hours-a-day, seven days a week, in an ideal location less than one kilometre off the Pacific Motorway, giving companies big brand exposure in a convenient location.
“Aspire will be best suited to industries that require heavy transport and use of machinery at all hours of the day including manufacturing, warehousing, transport and logistics, construction services, food processing, brewery or beverage manufacturing, and distribution centres.”
Mr Bates says the countdown until the development is completely sold is on, with five lots sold in recent weeks to a mix of manufacturing and batching plants, Gold Coast investors, and a boat manufacturer.
“A number of the buyers already have their applications in with Gold Coast City Council for the necessary approval, while other buyers will only require a private certifier due to the high impact zoned land anticipates many and varied uses, all of an industrial nature,” says Mr Bates. “Now the development is almost complete and construction of buildings is about to commence we expect there will be a second push on land sales.”
Alder Developments general manager Greg Tupicoff says Alder Developments has worked in conjunction with its construction partner Alder Constructions for more than 12-months to successfully deliver the coveted project.
“When Alder Developments purchased the Aspire site in May 2017 we identified Yatala as an emerging industrial hot spot, especially considering the industrial land supply in the central Gold Coast markets is now almost non-existent,” says Mr Tupicoff.
“To ensure we maximised the opportunity we were strategic in formulating the design of the development to ensure the lots were flat, flood-proof and able to accommodate any type or size of industrial business.
“With our in house civil, building, town planning, and financing expertise, we have been able to deliver high-quality industrial premises, with flexible land and building sizes and packages available, including a full turnkey option for interested buyers.”
Recent sales include lots one to three, which sold to a construction services business for $5.305 million. The parcels span 17,390sq m with the sale reflecting a square metre rate of $305. A manufacturing business expanding into Queensland purchased 7012sq m lot seven for $2.138 million or $304/sq m. Total sales to date is $14 million.
The YEA forms part of the Gold Coast’s rapid growth corridor and is already home to a multitude of national and international industry-leading businesses including Carlton United Brewery, Visy, V.I.P. Petfoods, Caterpillar and Flexopack.