Nerang Industrial Warehouse Sold

Nerang Industrial Warehouse Sold

A freestanding industrial building with development upside at Nerang on the Gold Coast has been sold by Ray White Commercial Gold Coast.

The purpose-built property at 11 Palings Court, Nerang, was sold for $875,000 to a construction industry owner-occupier by Lachlan Marshall and Jared Johnson of Ray White Commercial Gold Coast by private owners.

Lachlan Marshall said the marketing campaign for the property attracted keen interest with 30 inquiries and 16 inspections.

“We received eight offers for the property and achieved a fantastic price for our clients,” he said.

Jared Johnson said the owners had built the property in the early 1990s to own and operate their medical supplies business from there.

“They are selling because their business has grown and they need more space,” he said.

Jared Johnson said the Palings Ct property is a high-profile building which is visible from the Pacific Motorway.

“The building is situated on an approximately 1500 sqm, fully fenced block with excess hardstand for containers,” he said.