Industrial Market Continues to Soar
Matthew Hill of King and Co Property Consultants is pleased to announce two recent transactions in the Yatala Enterprise Area.
SOLD – 10 Angel Road, Stapylton – $ 1,535,000
10 Angel Road, Stapylton has sold to an owner occupier for $1,535,000 following a hotly contested four week Expressions of Interest campaign which generated six formal offers. The 816sqm freestanding facility sits on a prime 1,569sqm of Medium Impact Industry zoned site and is located just minutes from the Pacific Motorway.
LEASED – 4/84 Christensen Road, Stapylton – 5 Year Lease
The leasing market continues to go from strength to strength due to high demand and a short supply of stock. The Proximity @ Yatala Industrial Estate is now fully occupied with the recent off-market leasing of Building 4/84 Christensen Road, Stapylton. The 1,100sqm freestanding facility boasts a generous 2,350sqm of concrete hardstand and is equipped with three-phase power throughout. Overall, a fantastic result for both parties with zero let up time and a brand new 5-year lease term secured for our client.
Looking forward to 2022
Current market conditions have proven challenging for both Tenants and Buyers. A lack of stock on the market has lead to a number of landlords speculatively developing sites in an attempt to meet client demand. Coming into the New Year, Proximity @ Yatala will be introducing three brand new speculatively built freestanding warehouses ranging in size from 695sqm to 2,050sqm with completion due early next year. These brand new state-of-the-art facilities, along with the various Design and Construct opportunities that the Estate has to offer, will look to meet tenant demand and provide a much needed boost into the expanding Yatala Enterprise Area throughout 2022.
Contact, Matthew Hill of King & Co Property Consultants, on 0428 447 973 to discuss your property requirements