A 16,650sqm land parcel at one of the Gold Coast’s most original and sought-after industrial precincts has hit the market for the first time in 35 years, being offered by a family who was one of the original developers of the area.

Located at 21 Reichert Drive, Molendinar, the property site comprises 9,989sqm of useable land, 3,602sqm of high-clearance warehousing and office area across three separate buildings, and maintains two existing tenants including Southport Timbers and Cel-Bar Powder Coating. 

The property is being brought to market by RWC Gold Coast agent Jackson Rameau who said the rare industrial parcel provided the opportunity to redevelop, reposition, or invest. 

“The property is well suited for a long-term owner-occupant looking to utilise the space or a developer aiming to capitalise on the underlying land uplift potential,” Mr Rameau said. 

“This opportunity could increase the total usable land area to just under 10,000sqm up to a very large 12,000sqm, allowing for the development of a small to medium industrial complex offering 300-500sqm warehousing solutions. 

“Genuine industrial warehousing is currently in high demand, as there is a notable shift away from small, mancave and storage solutions with a higher demand towards facilities designed to meet the needs of real industrial businesses. Some ideal users may be seeking new headquarters rather than a small man-cave with minimal car parking and constricting planning.

“Currently on the Gold Coast and in south east Queensland we are experiencing enquiry from emotional owner-occupants or long-term developers with an end-use who are more likely to out-offer the likes of a logical return-based investor seeing that interest rates have risen and now remain quite stagnant.” 

Mr Rameau said the property’s location would also be a drawcard for buyers. 

“The site experiences excellent connectivity, located just off Smith Street which is a major east-west arterial road that connects the Gold Coast in the east to the M1 Motorway in the west,” he said. 

“The property is positioned just a minute off the M1 motorway which makes it only 80km from Brisbane airport and the Port of Brisbane, and just 40km from the Gold Coast airport. 

“It features nearly 100m of street frontage, in addition to dual driveway access, and is situated in a cul-de-sac enabling easy truck ingress/egress and manoeuvrability.” 

Offered for sale via expression of interest campaign, closing at 4pm on July 18, 2024.