ZUPP ADDS TO PROPERTY PORTFOLIO

Written on the 17 April 2014

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.
 

Latest News

SURFSTITCH GOES UNDER AS LEGAL COSTS FINALLY TAKE THEIR TOLL

SurfStitch (ASX: SRF) has entered voluntary administration, impacted by a series of protracted legal entanglements...

APOLLO MOTORS TO HIGHER THAN EXPECTED PROFIT ON ACQUISITIONS

APOLLO Tourism & Leisure's (ASX ATL) aggressive acquisition strategy in Canada and Australia has lifted th...

SANTOS CLAWS BACK LOSS DESPITE HEAVY IMPAIRMENT CHARGES

SANTOS Limited (ASX: STO) has reported a loss of $640 million for the first six months of 2017, a huge reduction o...

BOARD SHAKEUP AND UNDERPERFORMING ASSETS IMPACT EUREKA RESULTS

EUREKA Group's (ASX: EGH) FY17 financial performance has suffered at the hands of a board reshuffle and underp...

Related News

ACCC CLEARS THE WAY FOR BILLIONAIRE INVESTORS MURDOCH AND GORDON TO BUY TEN NETWORK

THE COMPETITION watchdog has cleared a proposed takeover of the Ten Network by billionaire investors Lachlan Murdo...

COMMBANK FACES 'VERY LARGE' CLASS ACTION LAW SUIT OVER MONEY LAUNDERING SCANDAL

THE Commonwealth Bank is facing a potential massive class action from shareholders because of a big drop in its sh...

REPORTING SEASON WRAP: WEDNESDAY HIGHLIGHTS

The A2 Milk Company (ASX:A2M) has almost tripled its profits and increased total revenue by 56 per cent off the ba...

THE MOTHER OF THREE WHO HAS SHARK TANK'S ANDREW BANKS AND STEVE BAXTER FIGHTING TO INVEST WITH HER

NOT every entrepreneur on Shark Tank Australia convinces the 'sharks' that their business is worthy of inv...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter