Burleigh Heads investment gem sold prior to auction for $1.33M

AN INTERSTATE investor has purchased two units secured by one long-term tenant as 1&2/64 Township Drive in Burleigh Heads sold prior to auction for $1.33 million.

With a total combined 469sq m* area, unit one came with a 279sq m* floor space and a 166sq m* mezzanine, and unit two offered a 190sq m* floor space.

The asset was successfully marketed and sold prior to auction by Ray White Industrial Gold Coast Sales and Leasing Consultants Lisa Dunne and Travis Rayner.

“Assets like this don’t come along very often and with a long-term tenant, Delphi Measurement Pty Ltd in place, our buyer appreciated this property was not one to be missed,” Ms Dunne said.

“The campaign generated a huge amount of interest with 24 enquiries, four offers, and three inspections taking place – the demand for stock under 500sq m is just incredible right now.

“The Gold Coast and the Sunshine State collectively have been a hive of activity since the beginning of the COVID-19 pandemic, and with investment flowing in from across the borders, it’s no surprise that the buyer was from NSW.

“Burleigh Heads itself is a pivotal regional centre just 14 km* by road west of Surfers Paradise and 90 km* by road south of the Brisbane CBD, with the industrial precinct being an important gateway function for visitors and residents.”

*Approximately.