A 1.64 hectare industrial landholding in Carrara on the Gold Coast is on the market with substantial improvements and a long-term lease to CPG Resources – Mineral Technologies Pty Ltd, a subsidiary of global giant and top 100 ASX listed Downer EDI Limited.

Located at 11 Elysium Road in Carrara, the property which comprises 6,180sqm of building improvements, is being offered for sale by Simon Beirne and Pat Cavanagh of Colliers International via Expressions of Interest campaign.

“This is a fully leased investment, with a 10-year lease expiring mid-2027 plus options, and a net annual rental of $855,840 with tenant paying all outgoings excluding land tax,” said Mr Beirne.

At a glance:

• First time in 12 years, a 1.64 hectare industrial landholding in Carrara, Gold Coast is on the market.
• The sale is being managed by Simon Beirne and Pat Cavanagh of Colliers International via Expressions of Interest campaign.
• Located at 11 Elysium Road in Carrara, the site comprises multiple freestanding structures including 1,388 square metre administration building over two levels with basement car park, 599 square metre laboratory/offices, and a 4,306 square metre factory that includes workshop areas, offices, storage, and amenities. A street-level carpark with 101 bays is located at the northern and central sections of the site.

“These sorts of assets don’t come to market very often and we believe it will be hotly contested by a wide panel of investors.

“Investors are increasingly attracted to the yields available in Queensland compared to Sydney and Melbourne, which are becoming gradually more compelling on a risk-adjusted basis as the economy and leasing markets continue to improve.

"The Gold Coast is currently undergoing significant infrastructure spending including M1 Pacific Motorway upgrades, Light Rail ongoing development, and construction of Jewel development and Empire industrial estate in Yatala,” said Mr Beirne. 

The site coverage is approximately 27 per cent and comprises multiple freestanding structures including 1,388 square metre administration building over two levels with basement car park, 599 square metre laboratory/offices, and a 4,306 square metre factory that includes workshop areas, offices, storage, and amenities. A street-level carpark with 101 bays is located at the northern and central sections of the site.

Carrara is the head office for CPG Resources – Mineral Technologies Pty Ltd where the company performs mineral testing and processing, manufacture equipment, and operate a facility which houses all inventory and spare parts.

CPG Resources – Mineral Technologies Pty Ltd is a subsidiary of Downer EDI Limited, a top ASX 100 company who is also listed on the New Zealand Stock Exchange and owns 88 per cent of Spotless Group Holdings Limited.

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