The building, located at Unit 1 at 49 Enterprise Street was negotiated by Scott Gardiner and Jason O’Meara of Savills reflecting an 8.9% yield.

The 10 metre high span building, located on a total 3,156sq m site, is one of the larger scale industrial facilities existing on the Sunshine Coast and is unique to the estate due to size and specifications.

With a net lettable area of approximately 2,556sq m, the property is fully leased to local engineering group, Heka Diprose Pty Ltd who have secured their tenure to the premises on a new five year lease with options.

Heka Group are one of the largest engineering companies on the Sunshine Coast, who have won several new exciting contracts, particularly within the mining sector over the last six months.

Director of Savills, Scott Gardiner, said the property ticked a lot of boxes for the incoming purchaser.

“Being one of the larger industrial facilities located in Kunda Park, this opportunity reflected exceptional buying,

“Properties of this size, scale and positioning on a newly agreed solid lease rarely come to the market,” Mr Gardiner said.

The property was built in 2004 with high end industrial warehousing and exceptional office space across two levels, plus has car parking accommodation for 26 vehicles.

Director of Savills, Jason O’Meara, said Kunda Park is a highly sought after location for investors, given its strategic location just East of the Bruce Highway and ease of access to key road links such as Maroochydore Road.

“The purchaser moved quickly to negotiate and ultimately secure the opportunity as he already had other interests on the Sunshine Coast and recognised this property would be an exceptional addition to his portfolio,” Mr O’Meara said.

Improvements to the property include two - ten tonne cranes, large oven, spray booth, and a sand blasting room, plus strengthened mezzanine floor.

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