BURLEIGH GAR­DENS PROP­ERTY SOLD

The Gold Coast Bulletin - - NEWS -

A FULLY-leased prop­erty in the tightly-held Burleigh Gar­dens precinct has sold at auc­tion for $870,000 on a yield of 6.2 per cent.

A neigh­bour­ing prop­erty owner bought the 31 Ern Har­ley Dr prop­erty from Tirtza and Henry Malecki, who paid $285,000 for it in 1998. The prop­erty sits on a 1507sq m block. Ten­ants in­clude The Cur­rumbin Panel Shop. The prop­erty re­turns net an­nual pass­ing in­come of $54,000.

Adam and Tony Gr­b­cic, of Ray White Broad­beach, were the mar­ket­ing agents.

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