A trophy investment property with major development upside situated in a tightly held Nerang industrial precinct at 81 Lawrence Drive has recently sold for $5,180,000.
Managed by Hudson Kaddatz from Harcourts Coastal Commercial, the 5,398sqm site is leased by Queensland Food and Beverage giant, 'Global Food and Wine’, generating significant net income of $263,911.18 + GST + outgoings.
Commenting on the fantastic result achieved, Mr Kaddatz said, “It’s very exciting to see how far industrial property has come on the Gold Coast. In the last 12 months, we are finally starting to catch up to the yields the southern states are seeing."
"In a very uncertain world, investors can see a level of security and safety in industrial investments, whilst maintaining a strong cap rate that the stock market, crypto or banks can’t offer right now.”