30/05/2014 - Growth Sparks Furniture Business' D-Bay Move
Strong growth spurred the relocation of a commercial furniture manufacturing and supply company into larger premises at an industrial estate at Deception Bay.
Emtek Furniture stumped up $1.6 million for a 1873sqm A-grade office/warehouse at 97-99 Kabi Court in the Baylink Business Park.
The property was purpose built in 2008, for Tupperware.
Emtek owner Rod Drummond said the company had previously leased a property nearby, at 85 Kabi Circuit.
“We needed more space and this has doubled the manufacturing space that we were in before,” he said.
“The growth here is phenomenal and it’s a very well serviced area, so to buy was a no brainer. It was an investment in the future of our family.
” The freestanding building has 682sq m of mezzanine level and is on 2471sq m of land zoned as light industry.
Raine & Horne Commercial’s Nick Bandiera, who struck the deal, said the property attracted much interest.
“But the extensiveness of the mezzanine level limited the warehouse height in a high percentage of the building which made it unsuitable for the vast majority of groups we approached,” he said.
“Emtek was the ideal buyer as the majority of their operation was manufacturing and assembly which meant they did not require full height throughout and could make use of the mezzanine level.”
Source: The Courier Mail, 30 May 2014