Gold Coast Development

Gold Coast Development – 8 Ern Harley Drive, Burleigh Heads, Gold Coast

This 2,000m2 multi purpose building on 4,000m2 of Industry 1 designated land was purchased and recently refurbished. The refurbishment was designed to reposition the property within the market.

The property offers the flexibility to be released or sold in its entirety or strata titled, depending on the enquiry gained. Even in the current slow market conditions and slightly higher than usual vacancy rates for the area, its location and exposure to over 30,000 cars per day, favorable engineers report, and purchase price, makes it an excellent speculative project to undertake.

Major works undertaken to reposition the property includes, removal of over 100m2 of internal walls, unimproved mezzanine floors etc, complete removal and replacement of all amenities, rewiring of the entire building, removal and replacement of some roof sheeting, grinding back and resealing of floors, replacement of all shop fronts and roller doors, removal and replacement of the facades, replacing all existing gardens, adding a black chain wire security fence with remote controlled sliding gate, resealing and line marking the car park area.

The property is being jointly marketed by Castle Property Group and Lowing Bushe Real Estate, with Castle Property Group working closely with the developer at all stages of works. – SOLD