“There is a lot of benefits of being in Beenleigh and surrounding suburbs for those businesses who want to service the needs of the two million plus people living in Brisbane and the more than 500,000 residents of the Gold Coast, and its multibillion dollar tourism industry,” noted John. “Being located between the two cities and servicing them via the M1 makes a lot of sense. The area boasts efficient electric passager train link between Brisbane and the Gold Coast, as well as the new tram link from Helensvale train station which services the coastal strip through to Broadbeach.” This transport connectivity makes Beenleigh a well-placed commercial location strategically, John added.
Properties across a broad range of industrial, retail and office space priced below $1 million enjoy a higher level of sales activity because there are more players in this price range, according to John.
He adds, “If a property is selling on an 8-10% yield, it will transact quickly. If it has 6%, it will sit around for a bit longer, unless it has quality and secure lessees.”
Overall, John says yields on commercial assets in Beenleigh range from 6.5%-7.5% for retail, rising to around 7.5-8.5% for industrial assets and 7.0-8.0% for office properties.