Entire Gold Coast industrial complex to go under the hammer

AN ENTIRE Gold Coast industrial complex, which is already being called one of the Coast’s most significant investment offerings, is heading to auction.

36-38 Central Drive, Burleigh, consists of six strata titled lots to be sold in one line.

The 100 per cent leased asset, that has six individual tenancies with five tenants, is strategically positioned in the Gold Coast’s premier industrial and commercial precinct.

The site is being marketed by Ray White Commercial Gold Coast’s Commercial Property Specialists Jared Johnson and Lachlan Marshall.

Mr Johnson said the income produced by the asset will be a real drawcard for an astute investor looking for a low-risk high-yield property.

“The complex produces a significant net income of $249,149.70 + GST and with tenants paying all outgoings, and with a minimum of three per cent increases, this is a golden opportunity for savvy investors,” he said.

“The asset benefits from a mix of long-standing tenants and has a commanding corner site with a total land area of 3,663sq m*.

“With a net lettable area of 1,887sq m*, and the freestanding building constructed with quality concrete tilt paneling, this asset really does have it all.”

Mr Marshall said as well as being a strong income-producing asset, the location was a real drawcard, with two driveways providing excellent access.

“Strategically positioned directly parallel with one of the Gold Coast’s busiest streets, this property is exposed to thousands* of cars every day,” he said.

“It takes advantage of the exposure to surrounding major retailers such as Treetops Shopping Centre, Bunnings Warehouse, Stocklands Shopping Centre, Australia Post, Kennards Hire, Westpac and Marymount College.

“It also benefits from being adjacent to the busy Bermuda Street, one-minute drive* from entry and exit points for the M1 Motorway and only a 5km* drive to the famous Burleigh Heads beach.”