The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSE SEPTEMBER 12 RECOGNISING THE INDIVIDUALS BEHIND THE PROJECTS
NOMINATIONS CLOSING SEPTEMBER 12 URBAN LEADER AWARDS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OfficeStaff WriterWed 18 Nov 15

Viadux Commits To Enterprise Industrial Park’s New Facility On Gold Coast

Viadux, a leading national manufacturer and supplier of water and environmental solutions, has committed to a 3,168 sqm brand new facility in Enterprise Industrial Park in Molendinar, in one of the most significant leases on the Gold Coast in recent years.

Enterprise Industrial Park which occupies a land area of 33,600 sqm is currently the largest industrial speculative development on the Gold Coast. Construction of stage one comprising 8,116sqm was completed in June this year.

The large facility has the ability to be split into multiple tenancies of around 1,000sqm each, with Viadux taking up to 40 per cent of the total space. The remaining 5,200sqm is currently under negotiation to a national tenant.

Pat Cavanagh and Daniel Coburn of Colliers International who are exclusively marketing the property negotiated the $364,000 per annum net lease with Viadux, achieving about $115 per sqm net. The lease term is five years with a five year option.

Mr Cavanagh said Viadux were looking for new space on the Gold Coast, as they needed to consolidate their Brisbane and Gold Coast operations into one location.

“Enterprise Industrial Park offered the only high level business and warehousing solution to their needs, being the only brand new corporate industrial facility of its kind currently available on the central Gold Coast.

“It features sophisticated logistic efficiencies including 10 metre internal clearance, clear span warehouse with natural lighting, drive in/drive out access for semi and B-Doubles, container set down areas, loading and unloading areas, brand new air conditioned offices and fully secured site with gated access. Viadux also had new staff amenities and about 400sqm of office space included as part of the lease deal.

“The developers, a local family purchased the site back in 2013 for $6.05 million off Southport Timbers and were keen to embark on a speculative development as they felt the market was moving in the right direction," Mr Cavanagh said.

"It will certainly pay dividends once we finalise the current offer on the table, which will see the balance of the stage one leased.

“Stage two is due to commence construction soon with the expected completion mid 2016. It will consist of three buildings of about 3,000sqm each and include similar features as stage one. We are fielding enquiries for stage two already, with one tenant currently considering the whole 9,000sqm.

“The interest expressed so far is evidence of the maturing Gold Coast industrial market with larger industrial users seeking good quality industrial space.

“Considering there are limited industrial premises of this calibre available, we are getting increasing enquiry from savvy tenants who are trying to achieve operation efficiencies for their business.

“This type of speculative development is happening throughout the major cities of Australia, but has not been a common occurrence on the Gold Coast until now. We are in need of the same quality offering considering national tenants are seeking space here.

“Enterprise Industrial Park is the only such development offering sophisticated warehousing efficiencies. And with one lease deal done and a second almost completed, the developer is moving ahead on stage two with confidence,” said Mr Cavanagh.

IndustrialAustraliaGold CoastSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Woolloongabba Precinct Vulture St
Exclusive

Brisbane Developer in Cross River Rail Compensation Tussle

Clare Burnett
4 Min
The Mondrian Gold Coast hotel's food and beverage is driving profits
Exclusive

Touch, Taste, Theatre: What’s Driving Mondrian’s Success

Renee McKeown
6 Min
Fortis’ display suites are designed as brand environments first, with tactile details and curated design to build buyer confidence before project specifics.
Exclusive

Relevant or Redundant: Will Tech Kill Display Suites?

Vanessa Croll
7 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
View All >
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
First projects named in a statewide plan to fast-track supply, including thousands of homes in a major growth region…
LATEST
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
3 Min
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
2 Min
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/viadux-commits-enterprise-industrial-parks-new-facility-gold-coast