MEDIA RELEASE
Burleigh Heads, Queensland – High buyer demand for entry-level industrial assets across the Gold Coast is driving record-breaking land-rate returns for smaller, functional warehouses, despite broader national economic shifts.
The trend is highlighted by the unconditional sale of an older-style industrial unit at 3/3 Ramly Drive, Burleigh Heads, negotiated by leading property agency Lacey West Real Estate for $725,000.
The transaction on the 94m² approved ground-floor footprint equates to a significant $7,713 per square metre, setting a benchmark for older industrial stock in the tightly held precinct.
According to commercial property experts, sub-$800,000 commercial assets operate in a high-demand bracket of their own, driven largely by local trade services, owner-occupiers, and investors seeking accessible entry points into the market.
Speaking on the market dynamics, James Borbidge, Commercial Director at Lacey West Real Estate, noted that buyers are prioritising precinct accessibility and functional footprint over building age.
“Small-footprint industrial stock under $800,000 is currently one of the most competitive segments of the Gold Coast commercial market,” said Mr Borbidge.
“When an entry-level property becomes available in an established precinct like Burleigh Heads, buyers are acting decisively. Achieving over $7,700 per square metre on an older asset demonstrates the underlying land value and severe stock shortage in the southern Gold Coast corridor.”
With major transport arterial upgrades and limited new industrial land releases across the Gold Coast, tight supply in prime industrial pockets like Burleigh Heads is expected to keep upward pressure on square-metre rates across both sales and leasing markets.
About Lacey West
At Lacey West, leadership, loyalty, and local knowledge are at the heart of everything we do. Directors James Borbidge, Josh Cruden, and Will West have each grown within the business to now proudly own and lead the company together.
James and Josh head up our Commercial Sales & Leasing division, while Will leads our Residential Sales team. Alongside these key areas, the three directors also jointly own and operate our Property Management division, ensuring the same high standards of service and commitment extend across every part of the business.
With many years of combined experience, the directors are deeply rooted in the local property market and community. Continuing the legacy of Will’s parents, Tony and Judy West, the founding directors of Lacey West, they carry forward the same values of integrity, professionalism, and personalised service that have defined the business from the beginning.
For all media enquiries, images or further information, please contact Natasha Borbidge on e nborbidge@laceywest.com.au or p 07 5576 6616