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 P2C can help retailers maintain brand loyalty amid the supply chain crisis
Partner Content
With the ongoing supply chain crisis expected to continue throughout 2022, retailers ar...
Productsup
Advertisement

Related Stories

Better waze ahead for drivers with FloodMapp’s early warning system

Better waze ahead for drivers with FloodMapp’s early warning system

As the climate emergency impacts weather patterns across the globe,...

Online marketplace retailer MyDeal bucks late 2021 trend with record growth

Online marketplace retailer MyDeal bucks late 2021 trend with record growth

Leading online retail marketplace MyDeal.com.au (ASX: MYD) has reve...

Peak bodies propose six-point plan to carry business through Omicron wave

Peak bodies propose six-point plan to carry business through Omicron wave

A coalition of Australia’s peak industry groups represen...

TWU: Transport workers pressured to work while sick with COVID

TWU: Transport workers pressured to work while sick with COVID

A new survey conducted by the Transport Workers Union (TWU) has rev...