ZUPP ADDS TO PROPERTY PORTFOLIO

ZUPP ADDS TO PROPERTY PORTFOLIO
ZUPP Property Group has purchased a mixed-use site in Ormeau for $8.325 million, in one of the most successful auction sales according to Colliers International.

Associate director of investment sales James Crawford marketed the two title property at 270 Lahrs Road and 29 Eggersdoff Road, with his colleague Stewart Gilchrist.

“Auction day was a success with 50 people in attendance, 14 registered bidders and 55 lively bids from the floor.

“In the last six months we have seen greater buyer activity for commercial property on the Gold Coast,” Crawford says.

He says Zupp will be able to “provide the financial backing it needs”, having recently purchased a nine-level office building at 64 Marine Parade at Southport for $10.7 million.

The 270 Lahrs Road site has a land area of 59,720sqm and has partially constructed buildings including warehouse space, laboratories and commercial office area.

29 Eggersdorf Road has a land area of 13,550sqm and is predominantly designated as residential, under the Ormeau Structure Plan.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

How communications technology can raise the bar on customer service, employee experience
Partner Content
From capturing feedback early to providing messages with a higher rate of cut-through, ...
Advertisement

Related Stories

G'day space: Australia is "go" for launch

G'day space: Australia is "go" for launch

Just after midnight on Monday 27 June, above the vast wilderness of...

Gold Coast’s Stacked Farm to take vertical growing project national with $56m raise

Gold Coast’s Stacked Farm to take vertical growing project national with $56m raise

Stacked Farm is looking to expand its automated vertical farming mo...

QLD to launch Star Entertainment review in July as former judge appointed to probe casino operator

QLD to launch Star Entertainment review in July as former judge appointed to probe casino operator

Casino operations that account for more than half of The Star Enter...

Origin slapped with $17m fine for failing to protect vulnerable customers

Origin slapped with $17m fine for failing to protect vulnerable customers

Australian energy giant Origin Energy (ASX: ORG) has today been ord...