Local buyer snaps up massive Rocky warehouse

68 Hollingsworth St, Rockhampton sold to a local owner-occupier for $815,000 +GST.
68 Hollingsworth St, Rockhampton sold to a local owner-occupier for $815,000 +GST.

COMMERCIAL property in Rockhampton's heart continues to prove popular with investors.

A vacant warehouse with yard in a key industrial precinct is the latest to be snapped off the market following a national, state and regional campaign on behalf of Australia's largest pharmacy distributor, Sigma Pharmaceuticals Ltd.

Located in a key industrial precinct, 68 Hollingsworth St, Rockhampton sold for $815,000 +GST to a local owner-occupier.

Ray White Commercial's Dan Costello and Rockhampton branch's Andrew Leach also directly canvassed neighbouring property owners before the 4,047m sq block with yard was sold.

"Sigma were referred from within the Ray White Commercial network initially to provide our marketing recommendations along with advice to position the asset for sale.

"Listing the property in conjunction with Ray White Commercial Rockhampton's Andrew Leach, we received 12 enquiries during the marketing campaign from a mix of both investors and owner occupiers.

"This was due to the superior location and limited supply of similar stock within the North Rockhampton industrial precinct."

COMMERCIAL | Property investors buying big in Rockhampton

The confidence in the market reflects valuer Herron Todd White's April month in review which reveals Southern investors are driving strong interest in the Rockhampton, with local owners lining up to cash in.

Recent sales included the former Foodworks drive-in supermarket on Gladstone Rd for an undisclosed price on March 17 (before the flood) after it changed hands for $1.35m in 2004.

Ray White Gracemere's Wendy Houston believes movement in the residential market also reveals signs of a market lift after a Gracemere investor snapped up a 100-lot subdivision approved block.

After a decade on the market, a father snapped up 11 (lot 2) Lucas St for a $750,000 (ex GST) this month, with plans to develop.

RESIDENTIAL | Bargain block primed for major Rocky region development

Investment opportunities continue to pop up in the Rockhampton CBD, with a two-storey, three-bedroom home with small shed up for auction on Bolsover St.

The potential CBD redevelopment on 68 Bolsover St sits on 653m sq block with two-street frontage is surrounded by a number of other businesses with exposure onto the busy street.

Knight Frank will auction the property at 12pm Friday, April 21 at Level 2, 102 Bolsover St.

Where coffee is both art and science

Dingles Cafe Bar head barista, Jimmy 'Dingle' Chang

It was the soft opening with a hard landing

PHOTOS: Inside an untouched $780k Coastal masterpiece

26 Lexington Dr, Lammermoor.

Sweeping majestic harbour and island views on offer

Mayor's four properties in Rocky's flood-prone suburb revealed

Rockhampton mayor Margaret Strelow owns two commercial businesses on Bolsover St, as well as another commercial premises on Depot Hill and three residential premises in Depot Hill, which fall within the boundary of the proposed South Rockhampton Flood Levee.

Mayor's declared properties within the South Rocky Levee alignment.

Local Partners

Silence of the Lambs director Jonathan Demme dies

TRIBUTES have poured in for Jonathan Demme, the Oscar-winning director of Silence of the Lambs and Philadelphia, who has died aged 73.

Sophie Monk casting a wide net as Bachelorette

Sophie Monk is Australia's new Bachelorette.

Producers ‘inundated’ with calls as they widen age range of suitors.

Viewers officially bored of Aussie biopics

House of Bond’s Ben Mingay as Alan Bond with Rachael Taylor as Diana Bliss.

Latest biopic House of Bond a ‘flop’ as reality TV dominates screens

Bill Cosby: Embattled comic breaks silence on future

Cosby said he wanted to get back on stage doing comedy.

Shania Twain to drop first album in 15 years

Shania Twain

Shania Twain is about to drop her first album since 2002.

What's on the big screen this week

Dave Bautista and Pom Klementieff in a scene from Guardians Of The Galaxy Vol 2.

GUARDIANS of the Galaxy is back with even more laughs.

Grinspoon is happy to help with flood appeal

BACK ON THE ROAD: Grinspoon remain happy to assist with Lismore's flood recovery.

"Lismore is the birthplace of Grinspoon... we owe that community"

PHOTOS: Inside an untouched $780k Coastal masterpiece

26 Lexington Dr, Lammermoor.

Sweeping majestic harbour and island views on offer

Suburbs hurting Rocky's property values revealed

Property, real estate, housing, suburb,  August 2016

"LIMITED or no sales" in Rocky suburbs doing it tough hit prices.

Couple gets rich renovating run-down city homes

RENO RADICALS: Baden and Nelson Marino-Hall have turned three Toowoomba homes around for profit, saying the Garden City was a haven for renovators like themselves.

The couple has already turned around three homes

Townhouse pitch raises questions over 'high density'

BIG PLANS: Residents have a chance to offer their opinion on plans to build 42 townhouses at Raceview.

Developer plans 42 townhouses for Ipswich suburb

7 million dollar city homes for sale right now

3 Keira Court, Blue Mountain Heights.

Here are seven of Toowoomba's best, and most expensive, houses

Ready to SELL your property?

Post Your Ad Here!