Old Gympie Road
Your Opportunity IS NOW
Ray White Commercial Northern Corridor Group is honoured to present an exceptional industrial leasing opportunity at 540-550 Gympie Road, Narangba
This property boasts a prime location within one of Moreton Bay’s most sought-after industrial precincts, offering excellent potential for businesses seeking a versatile and high functioning site
KEY FEATURES
4,414m² freestanding industrial facility comprising 3,813m² warehouse, with an additional 601m²* warehouse area detached from the main warehouse
Circa 28,800m²* allotment
Multiple container-height roller door
Ample 3 phase power (TBC amps per phase)
Large onsite car park
50-tonne gantry crane
24hr General Industry Zoning
Immediate access to Bruce Highway north and south bound
Central to Sunshine Coast and Brisbane, providing a convenient location to service the northern corridor
Situated within one of the fastest growing regions in the heart of the SEQ Golden Triangle
FOR LEASE: $66,500 P/M + Outgoings + GST
For further information or to schedule an inspection, please contact marketing agents Troy Sturgess or Aaron Canavan
Troy Sturgess
Senior Agent 0432 701 600
troy sturgess@raywhite com
Aaron Canavan
Commercial Principal 0447 744 948
aaron canavan@raywhite com
Executive Summary
Address
540-550 Old Gympie Road, Narangba QLD 4504
Legal Description L1 SP175031
Land Area
28,800m²*
Building Area 4,414m²*
Zoning General Industry
Site Description
Local Government
Services
Car Parks
Outgoings
For Lease
The property comprises a regular-shaped industrial allotment with level, compacted hardstand, and full fencing
Moreton Bay City Council
Water, electricity (including 3 phase) as well as access to telecommunications
Large on-site car park
Contact Agent
$66,500 00 P/M + Outgoings + GST
What Drives the Narangba Industrial Market?
To fully understand the opportunities and threats you will face with your commercial property, you must first understand what is driving the market
POPULATION GROWTH
We have the population of Rockhampton moving to the immediate area over the next few decades. Caboolture West and Morayfield South will house more than 100,000 new residents Add to this the continued expansion of North Lakes, North Harbour and Dakabin and you have one of the most significant residential growth corridors in Australia.
LAND SUPPLY CONSTRAINTS
The next five years in particular will see further tightening of what is already a chronic supply shortage of industrial land in the region Vacant industrial rates have increased from $285m in 2020 to over $800m in 2025 There is now no remaining land earmarked for General Industry subdivision between Narangba, Deception Bay and Brisbane. Future industrial land supplies to the north and west of Caboolture face major infrastructure hurdles and in any case would only provide enough supply to satisfy current demands and will barely scratch the surface of what is truly required to service this growing population.
CONSTRUCTION COSTS
Construction prices have been a major source of the CPI issues that drove the interest rate hikes of 2023 There has been a perfect storm of international conflict, labour shortages, fuel, materials and competing infrastructure projects impacting all facets of commercial construction. The South East Queensland market has been impacted more than most areas due to the Olympic infrastructure pipeline of projects that has taken tier 1 builders out of the private industrial construction pool.
AFFORDABLE HOUSING & LABOUR
Industrial businesses across the country are struggling to access the necessary skilled labour and housing affordability and cost of commuting are the two factors that dictate workforce location. Narangba and Deception Bay has the potential to supply close to 40,000 new homes, spurred on by the Government’s Affordable Housing mandate. This is proving doubly attractive for businesses in the trade services and building supply industries, who want to position themselves to servicing the demand from the same residential construction projects that this new labour force will call home
By 2031, Moreton Bay will have a larger population than Tasmania!
The rapidly expanding catchment has been the beneficiary of a perfect storm of post-COVID market conditions that will see the population double by 2041.
A strong pipeline of residential master planned precincts like Caboolture West, Morayfield South and North Harbour has seen a flood of State and Federal infrastructure investment geared to capitalise on Moreton Bay’s capacity to deliver a high volume of much needed affordable housing to help address the accommodation crisis.
The young, active demographic of the region provides a readymade labour pool that is proving increasingly attractive to businesses struggling with the tight labour market of today
The result of these factors is an extremely strong industrial property market, as businesses jockey for position to capitalise on the workforce and construction pipeline of this booming region
Moreton Bay has experienced a perfect storm of market conditions in the last four years that now has it positioned as one of the most strategic industrial hubs in South East Queensland.
– Ashley Rees. RWC Senior Analyst
Act now to position yourself at the epicenter of industrial success!
Disclaimer
The information contained in this Information Memorandum and any other verbal or written information given in respect of the property (“Information”) is provided to the recipient (“you”) on the following conditions:
1 North Coast Commercial Properties Pty Ltd trading as Ray White Northern Corridor Group and or any of its officers, employees or consultants (“we, us”) make no representation, warranty or guarantee, that the Information, whether or not in writing, is complete, accurate or balanced Some information has been obtained from third parties and has not been independently verified Accordingly, no warranty, representation or undertaking, whether express or implied, is made and no responsibility is accepted by us as to the accuracy of any part of this, or any further information supplied b y or on our behalf, whether orally or in writing.
2 All visual images (including but not limited to plans, photographs, specifications, artist impressions) are indicative only and are subject t o change Any measurement noted is indicative and not to scale All outlines on photographs are indicative only
3 The Information does not constitute, and should not be considered as, a recommendation in relation to the purchase of the property or a solicitation or offer to sell the property or a contract of sale for the property
4 You should satisfy yourself as to the accuracy and completeness of the Information through your own inspections, surveys, enquiries, and searches by your own independent consultants, and we recommend that you obtain independent legal, financial and taxation advice This includes as to whether any listing price is inclusive or exclusive of GST
5 We are not valuers and make no comment as to value “Sold/ leased” designations show only that stock is “currently not available” – not that the property is contracted/ settled If you require a valuation we recommend that you obtain advice from a registered valuer
6 The Information does not and will not form part of any contract of sale for the property If an interested party makes an offer or signs a contract for the property, the only information, representations and warranties upon which you will be entitled to rely will be as expressly set out in such a contract
7 Interested parties will be responsible for meeting their own costs of participating in the sale process for the property We will not be liable to compensate any intending purchasers for any costs or expenses incurred in reviewing, investigating or analysing any Information
8 We will not be liable to you (to the full extent permitted by law) for any liabilities, costs or expenses incurred in connection with the Information or subsequent sale of the property whatsoever, whether the loss or damage arises in connection with any negligence, default or lack of care on our part
9 No person is authorised to give information other than the Information in this Information Memorandum or in another brochure or document authorised by us Any statement or representation by an officer, agent, supplier, customer, relative or employee of the vendor will not be binding on the vendor or us
10 To the extent that any of the above paragraphs may be construed as being a contravention of any law of the State or the Commonwealth, such paragraphs should be read down, severed or both as the case may require and the remaining paragraphs shall continue to have full force and effect.
11. You may not discuss the Information or the proposed sale of the property with the vendors or with any agent, friend, associate or relative of the vendor or any other person connected with the vendor without our prior written consent We accept no responsibility or liability to any other party who might use or rely upon this report in whole or part of its contents
12 The Information must not be reproduced, transmitted or otherwise made available to any other person without our prior written consent
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Moreton Bay Commercial Property Team
Chris Massie
Director 0412 490 840 chris.massie@raywhite.com
Aaron Canavan
Commercial Principal 0447 744 948
aaron canavan@raywhite com
Michael Nides
Sales and Leasing Associate 0468 517 956
michael.nides@raywhite.com
Bianca Jensen
Sales and Leasing Associate 0434 053 164
bianca jensen@raywhite com
Troy Sturgess
Senior Agent 0432 701 600 troy.sturgess@raywhite.com
Shayna Kirk
Executive Assistant to the Principal 0433 574 694
shayna kirk@raywhite com
James Garnett
Sales and Leasing Associate 0422 087 745 james.garnett@raywhite.com
Michaela Webb
Senior Administrator 1300 255 075 michaela.webb@raywhite.com
Keegan Geary
Sales and Leasing Associate 0432 676 889
keegan geary@raywhite com
Chantelle Jones
Performance Partner 1300 255 075
chantelle.jones@raywhite.com