Former Billabong buildings at 20 Kortum Drive, Burleigh Heads comes to the market at a point in time where there is real focus on the Gold Coast investment market due to strong population growth and low vacancy rates across the city.

“Built by the founders of Billabong, the building is a local landmark due to its roofline which resembles a wave, and was used to identify the original location of the iconic brand”, said Luke Brechin of CBRE Gold Coast.

Known as the “Wave Building”, 20 Kortum Drive is situated in one of the highest exposure locations within the Burleigh Heads retail and industrial precinct, and is fully leased with multiple national tenants, including Totally Workwear, the Salvation Army and Jetts Fitness, offering a net income of $1,190,379 pa. The asset offers a total of 4,030sqm* of net lettable area on a large corner land parcel of 6,251sqm*.

The property is located just 2.5km from the renowned Burleigh Heads beach and the James Street restaurant and shopping precinct. The ease of access to the M1, Gold Coast Highway and Bermuda Street makes this location highly accessible for Brisbane and Northern NSW commuters, whilst remaining one of the Gold Coast’s most sought-after holiday, retail and residential destinations.

Surrounding developments include Stocklands Shopping Centre, the Home + Life large format retail, Boardriders APAC Headquarters, and multiple national industrial users.

Mark Witheriff, Managing Director CBRE Gold Coast said “it is a rare opportunity to get a fully renovated, mixed-use investment in the heart of Burleigh Heads, which has clearly been recognised as one of Queensland’s premium lifestyle suburbs. The Burleigh Heads precinct has a particularly low vacancy rate and a shortage of accommodation across all commercial sectors, which we are envisaging to continue to put pressure on rental rates in the forseeable future.”

20 Kortum Drive is offered for sale by Expressions of Interest closing at 2pm on Thursday, 20th April.

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below. 

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