Colliers negotiates $4.9 million sale of rare industrial site in Gold Coast's industrial precinct

One of the last major vacant industrial sites at Carrara has sold for $4.9 million in a deal negotiated by Colliers.

The 4,432sqm site, located at 134-136 Spencer Road, has been purchased by Clarke’s Design & Construct which plans to develop a first-class trade showroom project in the sought-after central Gold Coast industrial precinct.

The sale, negotiated by by Colliers industrial specialists Marlon Crawford and Daniel Coburn, was the result of an off-market deal in the tightly held Carrara-Nerang industrial and commercial precinct.

“The price achieved by the vendor reflects the rarity of centrally located vacant land for industrial development on the Gold Coast,” said Mr Crawford.

“The site benefits from a prominent corner position on the hugely popular Spencer Road and it’s one of the last remaining vacant sites in the Carrara industrial precinct which has direct access to the M1.”

The Gold Coast-based Clarke’s Design & Construct, a commercial builder with extensive experience in the area, is planning to develop the property into a premium trade showroom facility.

“Major national tenants have been circling the area for many years looking for a suitable property to locate their operations on the Gold Coast,” said Mr Coburn.

“With next to no land available on the central Gold Coast, Clarke’s are looking to capitalise on this pent-up demand.”

Clarke’s Design & Construct is a vertically integrated company with an in-house design and construction team. They are currently firming up its plans for the site which will comprise two A-Grade showrooms of approximately 1,200sqm each.

“The commercial & industrial market on the Gold Coast is underpinned by significant demand from major business operators looking to expand into the region,” said Andrew Clarke, the founder and director of Clarke’s Design & Construct.

“We are looking forward to bringing an exciting new project to the central Gold Coast area to meet that demand.”

The latest February 2023 Colliers Market Overview for the Gold Coast has revealed that an extreme supply-demand imbalance has placed the Gold Coast industrial market in a strong position for future growth.

The report reveals that the Gold Coast's supply of fully serviced industrial property is at an all-time low, which is supporting a sustained increase in land prices, particularly in core precincts which are so tightly held.