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

* Approx.

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