New Page 1
New
Warehouse Units
(
Investments )
This
development is being undertaken by a company who has done a similar and
also highly successful development in Burleigh a year ago.
It
really is the "BEST DEAL IN BURLEIGH" and probably anywhere on the
Coast.
They
can afford to sell at such low prices simply because they have obtained the land
at a good price and their attitude is to sell it out quickly and allow others to
make
some margin also.
Too
many other developments leave no room for the investor to make a fair return but
in this project you certainly can.
You
should expect NET returns between 7% and 8% and if that is comfortable for you
then your asking rentals will also be attractive for tenants.
The best buys depend on your budget but Unit 14 is 724 sqms @$1,150,000 plus
GST and Unit 12 is 358 sqms @ $617,000 plus GST.
You
may also like to consider one of the three units 6, 8 and 9 which are being
built for food preparation. Food has specific requirements and those tenants who
require such a facility pay the premium for the extra costs in developing to
suit their needs.
The
development is due for completion late August, settlement in September and you
only need 5% deposit to contract for one of these units that are left.
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