A blue-chip tenanted commercial/industrial property, with easy access to all major interlinking traffic routes in the well-established Gold Coast suburb of Burleigh Heads, is up for sale by public auction.

Pat Cavanagh, Colliers International Director for Industrial said the property, which is located at 16 Newcastle Street, is one of the strongest industrial investment opportunities to appear on the market in more than two years.

The property will be auctioned at the Colliers International Gold Coast office at 11am on Thursday, 15^th July by Mr Cavanagh and Craig George, Industrial Executive, who are handling the sale on behalf of the vendor Anthony Johnson, Director of Perrenis Pty Ltd.

"The property is one of the few commercial/industrial properties available on the Gold Coast which is occupied by a quality, long-term tenant," Mr Cavanagh said.

The prominently situated site spans 1,500sq m, and features a 560sq m building has recently been significantly refurbished by the current tenants, Coates Hire, who have committed to a four-year lease which expires in March 2012, with a three-year option to extend.

Mr George said the property is in optimum condition, having been repainted inside and out and the interior showroom and office areas refurbished and new data cabling, new electric roller doors and boundary fencing and gates installed in late 2008.

"It is prominently situated at the centre of the Burleigh Industrial precinct, opposite Tree Tops Shopping Centre and surrounded by national and international businesses including Kennards Self Storage and Tradelink," he said.
"The property is located about 15 kilometres south of the central Gold Coast trading areas of Surfers Paradise and Southport CBD and bounded by Reedy Creek Road to the north and Bermuda Street to the east, providing exposure to about 50,000 cars daily and easy access to all major interlinking traffic routes including Reedy Creek Road, Gold Coast Highway and M1 Pacific Motorway."

Coates Hire is the largest general hire company in Australia, providing a full range of industrial tools and equipment. 

SALE DETAILS

16 Newcastle Street, Burleigh Heads, will be auctioned 11am on Thursday, 15^th July by Mr Cavanagh and Mr George, at the Colliers International Gold Coast office, which is located at Level 2, Circle on Cavill, 3184 Surfers Paradise Boulevard, Surfers Paradise.

 

For further information please contact Pat Cavanagh on +61 415 261 339.

-ENDS-

For further information please contact:

Susan Epp
Communications Manager l Queensland
Tel: +61 7 3026 3322
Mob: +61 434 573 026  
Email: susan.epp@colliers.com