An industrial investment opportunity within the trades and services hub of Burleigh Heads has been sold for $1.621 million through Jared Hodge and Aaron Neylan from REAL Specialists Commercial.
A local investor has snapped freestanding warehouse in the Burleigh Heads indiustrial precinct for $1.621 million after the building was passed in at auction.
Comprising two individual fully leased units rented to long-standing tenants, 27 Central Drive is situated in the central industrial area of Burleigh Heads amongst several national operators, including Bunnings Warehouse, Bursons, Rebel Sport and Supercheap Auto.
REAL Specialists Commercial agent Aaron Neylan, who managed the sale with REAL Specialists Commercial Director Jared Hodge, said the result was a testament to the hunger of the investor market in the region.
At a glance:
Source: REAL Specialists Commercial
"The enquiry and conversations about this property kept going throughout COVID-19," he said.
"Investors are still on the lookout for great deals and this was a great deal.
"You've got an amazing building with excellent exposure and strong tenants."
The subject property has an annual income of approximately $133,664 gross + GST and will be sold as a going concern.
Unit one (355m2 ground floor & 150m2 of mezzanine) includes multiple offices, a roller door, air conditioning, toilets. Unit two (595m2) features 50 square metres of office space with a 20 square metre storage shed.
The property is tenanted by foam rubber supplier Foamworld and a local smash repairs business.
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