28 Greg Chappell Drive,
Burleigh Heads, QLD 4220

Peter Laoudikos & Lachlan Holliday offer this exceptional Burleigh Heads investment to the market with serious rental and development upside. The property is a multi-tenanted, industrial, freehold asset strategically positioned in Queensland's premier Industrial suburb. Zoned High Impact Industry and providing an average rental rate of $192* per m², there is some serious upside in this property with leases renewals and rent reviews coming in 2024 & 2025.

The property offers the below rarely offered attributes;

• Gross income $218,209.72* with unit 3 currently vacant
• Average rental rate per m² of $192.94* - well below current rent's provides significant rental upside
• Net lettable area 1,131m²*
• Substantial 2,429m²* land holding with highly favourable `High Impact Industry' zoning
• 7 Individual tenancies with one vacancy provides immediate rental upside or owner possession
• Ability to increase net lettable area with additional mezzanines
• A mix of long standing tenants and new
• Extremely low vacancy rates in suburb
• Above average carpark ratio
• New roof installation
• Low maintenance complex
• Surrounded by National and Multi-national businesses within one of the Gold Coast's & Queensland's most sort after Commercial & Industrial estates
• The property can be accessed from Reedy Creek Road, which connects to Bermuda Street and the M1 Pacific Motorway

Offered for sale via Public Auction to be held at 10am Friday 6 September 2024, Level 26 / 111 Eagle Street, Brisbane City QLD.

* Approx.

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