BUYERS have flocked to an entire freehold industrial complex site being taken to auction, with nearly 1,000 property views in less than three days after being listed.
The property at 12 Township Drive in Burleigh Heads comes with 6,199sq m* of land and 2,950sq m* under the roof and is on the doorstep of the M1 motorway off exit 89.
The asset is being marketed and sold by Ray White Commercial Broadbeach Sales Consultants Ryan Langham (below left) and Thomas Clark (below right).
“Burleigh has seen some impressive record-breaking sales in recent times with investors moving in on opportunities like this to secure well-located assets with massive upside and value add opportunities,” Mr Langham said.
“Burleigh Heads is an extremely sought-after suburb on the Gold Coast and is often regarded as the number one searched suburb on key property portals in recent years.
“This tenanted investment represents exceptional value for any investor looking for location and security, with such a tightly-held market and very few properties of this size and caliber being offered to the market.
“Long-standing tenants P&M Plastics & Rubber have anchored this site for 15 years and have committed to a brand-new five-year lease.”
“Their business has had clients like Tony Quinn from VIP Pet Foods, while assisting many Gold Coast businesses with their signage, marketing and advertising display pieces,” Mr Clark said.
“The mix of tenants in the complex is a wonderful opportunity for any investor looking at diversifying their portfolio.
“This asset will be sold as a tenanted investment with the M1 road widening project and infrastructure upgrades literally at the back door, which may provide an opportunity for value add in the form of signage and advertising billboards (STCA).
“Market rents may also suggest this site is under rented providing an opportunity with upside for an investor. The auction will take place on Wednesday 28 October at 11:00am AEST.”