11 Kortum Drive, Burleigh Heads, QLD, 4220

Introducing 11 Kortum Drive, the commercial investment you have been waiting for! Perfectly positioned along one of Burleigh Heads' most prominent commercial streets, this multi-tenanted investment offers an exceptional opportunity for investors looking to maximize their returns in a thriving location.

Investment Details

- Land Area: 3272m2 of land area

- Net Return: $288,106.52 p.a* + GST (increasing to $295,426.52 p.a* + GST on 01/09/23)

- Building Area: 1566m2 of ground floor building area

- Four separate fully leased tenancies ranging from 320m2 to 520m2

- Zoning: (Flexible) Fringe Business, Mixed Use Zoning

Key Features:

Below Market Rentals: With the rents currently below comparable market rates this investment offers significant potential future rental upside and growth.

Prime Location: Nestled in the vibrant and sought-after suburb of Burleigh Heads, this property enjoys easy access to major transport links, it is located 2.5km from the renowned Burleigh Heads beach and the James Street retail precinct. The ease of access to the M1 Motorway, Gold Coast Highway and Bermuda Street

Diverse Tenant Mix: This multi-tenanted investment boasts a diverse mix of well-established businesses, providing a stable and consistent income stream. The property is surrounded by strong local and national businesses like Sydney Tools, Bunnings, National Tiles, Officeworks, Supercheap Auto and many more.

Ample Parking: 11 Kortum Drive offers ample parking spaces for both tenants and visitors, ensuring convenient access for all.

Opportunities like these are rare and highly sought after. Don't miss out on this investment opportunity!

Auction to be held onsite on Friday 30th June 2023 at 3pm

To arrange a private inspection or for any further information, please contact our team at Lacey West Commercial.

*approximate

Lacey West have not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary.

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