This article is from the Australian Property Journal archive
A LOCAL private investor has purchased an industrial site in Burleigh Heads, on the Gold Coast, for $1.39 million.
It was sold with a new two-year lease in place, with an option, on a 7% yield.
The 3,857sqm site, at 41 Alex Fisher Drive, was sold by Lacey West Real Estate’s Tony West on behalf of private owners who previously used the site to manufacture dredges.
Improvements include a 780sqm warehouse with 6.5-metre clearance, a separate 36sqm office area and 150sqm of covered concreted area.
Australian Property Journal
