JUST LEASED 15 Palmetto Street, Chevallum
The successful leasing of 15 Palmetto Street, Chevallum further reinforces the continued demand for high-quality industrial accommodation within one of the Sunshine Coast’s most tightly held industrial precincts
Positioned within Chevallum Industrial Park and offering direct Bruce Highway connectivity, the property presented an increasingly rare combination of modern construction, expansive hardstand, multiple crossovers and corporate-grade office accommodation features that continue to attract strong occupier demand across the region
The campaign generated 22 enquiries throughout the marketing process, ultimately resulting in two competing offers and the successful execution of a new 5-year lease at $290,355 per annum, equating to approximately $193/m² across the 1,489m² facility Situated on a substantial 2,617m² landholding, the property’s flexibility, truck accessibility and efficient layout appealed to a broad range of occupiers seeking operational efficiency and long-term positioning within the Sunshine Coast market
One of the key drivers behind the campaign’s success was the limited availability of comparable freestanding industrial facilities within Chevallum. Demand continues to outweigh supply for quality buildings capable of servicing the wider Sunshine Coast region while maintaining convenient access to major transport infrastructure
This result highlights the continued strength of the Chevallum industrial market, with businesses increasingly prioritising functionality, accessibility and quality presentation when making long-term leasing decisions
For landlords, the transaction demonstrates the depth of tenant demand currently active within the precinct, particularly for modern industrial assets offering scale, hardstand and strong logistical connectivity
SUNSHINE COAST GROWTH DRIVING DEMAND
RECENT LEASES
The Shadforth Commercial Property Team
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