NSW based firm nails Acacia Ridge unit for $1,030,000

NSW based Koala Nails paid $1,030,000  for a unit at 13/57 Mortimer Road, Acacia Ridge. It is one of 16 in a Light Industry zoned complex situated on busy Mortimer Road off Beatty Road. King & Co agent Rod Hewitt handled the transaction, while vendor is Oracle Investments P/L

This site comprises 725m2 of modern office/warehouse accessed via a container height roller door and featuring masonry,tilt up panel construction as well as high internal clearance

Koala Nails began operations in 1981 as a common nail manufacturer and wholesale distributor. Since then it has expanded  nationwide into collated screws, loose screws, framing nails, gas fuel cells with and without framing nails, coil nails both plastic and wire collated, collated brads, collated staples, pneumatic air nailers  staplers and Nylon Nail-it plugs

According to Hewitt, during the first quarter of 2010 this part of Acacia Ridge enjoyed a return of sales activity, at least when compared to the six months prior. Unfortunately, the most recent quarter saw a drop in transactions, despite there being  plenty of enquiry. As with other, similar, suburbs, many businesses are putting buying decisions on hold  until they see the economy gain more of an upward momentum.  Meanwhile, he says, the last 12-18 months of the perceived GFC has put a downward pressure on prices by as much as 10%. That being said, the next six months should see an improvement in both demand and availability as some owners feel comfortable putting their stock onto the market