ZUPP BUYS NEW GOLD COAST HEADQUARTERS

Written on the 23 November 2012

ZUPP BUYS NEW GOLD COAST HEADQUARTERS

JOHN Zupp has purchased the prominent AHC-branded building at Helensvale for $2.05 million, where he will house his Gold Coast-based company Zupp Property Group (ZPG).

The two-storey, 830sqm property is situated on 2000sqm of land at Siganto Drive and is part of a 30,000sqm offering of prime commercial land, featuring M1 frontage, put up for sale by the Gold Coast listed property company AHC.

ZPG bought in a deal negotiated by James Crawford and Stewart Gilchrist of Colliers International.

Zupp joins another Gold Coast entrepreneur, Tony Quinn, as an owner in the precinct, as the VIP Petfoods founder last month bought two parcels for $2.5 million to house a new venture.

Crawford says another deal is in the pipeline and the offering is nearly 50 per cent sold.

He expects all the lots to be sold early next year.

“There has been a lot of interest from the buyers in these lots, and this sale brings total sales for the offering up to more than $4.5 million over the past 90 days,” says Crawford.

Mr Crawford said the purchases by both Quinn and ZPG reflected the renewed interest in the Gold Coast property market, as well as the shortage of highly exposed land along the M1.

“The building is the highest block in the AHC offering and especially with its signage, can be seen quite easily from the motorway, which has more than 100,000 cars travelling along it every day,” says Crawford.

“Given its exposure, the property is a bit of a landmark, and Zupp was looking for a landmark site,” says Crawford.

“The property will now be branded with Zupp’s branding, including the five-by-three metre sign that sits on the block.”

AHC will occupy the ground floor for a short term in a lease-back arrangement.

John Zupp made a fortune through his Zupps car dealerships, which operates in Brisbane and the Gold Coast, which he sold to focus on new business ventures.


Latest News

WHAT THE COLLAPSE OF ADWORDS MEANS FOR THE FUTURE OF ONLINE MARKETING

IT'S the story that has rocked the world of advertising. The once reliable, seamless, and lucrative Google (NASDA...

BRISBANE VFX PRODUCTION COMPANY CLEANS UP AT MAJOR INTERNATIONAL ADVERTISING AWARDS

AUSTRALIAN production company Alt.vfx has broken records in global advertising, becoming the first business to win...

CYCLONE DEBBIE FORCES MINE, RAIL AND PORT CLOSURES AS IT WREAKS HAVOC IN QUEENSLAND

COAL and gold mines in north and central Queensland are being seriously impacted as ex-Cyclone Debbie moves inland...

FLYING START TO 2017 PASSENGER NUMBERS FOR GOLD COAST AIRPORT

RECORD numbers of travellers used the Gold Coast Airport (GCA) in January this year, continuing a five-year trend ...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter